<SEC-DOCUMENT>0000950103-19-014160.txt : 20191024
<SEC-HEADER>0000950103-19-014160.hdr.sgml : 20191024
<ACCEPTANCE-DATETIME>20191024110244
ACCESSION NUMBER:		0000950103-19-014160
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20191023
FILED AS OF DATE:		20191024
DATE AS OF CHANGE:		20191024

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:		191165156

	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>dp114599_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

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

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><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: 16pt 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><BR></P>

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: -6.85pt"><FONT STYLE="font-size: 12pt"><B>REPORT
OF FOREIGN PRIVATE ISSUER</B></FONT></P>

<P STYLE="font: 14pt 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: 14pt 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"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">For the month
of October, 2019.</FONT></P>

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

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

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



<P STYLE="font: 14pt 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">&nbsp;</P>

<P STYLE="font: 20pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>MILLICOM INTERNATIONAL CELLULAR S.A.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">(<I>Exact
Name of Registrant as Specified in Its Charter</I>)</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>2, Rue
du Fort Bourbon,</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>L-1249
Luxembourg</B></FONT></P>

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

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

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

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

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

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

<TABLE CELLPADDING="2" CELLSPACING="2" ALIGN="CENTER" STYLE="border-collapse: collapse; font: 12pt Times New Roman, Times, Serif; width: 60%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 20%; text-align: center"><FONT STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Form 20-F</FONT></FONT></TD>
    <TD STYLE="width: 20%; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;X</FONT></TD>
    <TD STYLE="width: 20%; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 20%; text-align: center"><FONT STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Form 40-F</FONT></FONT></TD>
    <TD STYLE="width: 20%; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>&nbsp;</P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><TABLE CELLPADDING="2" CELLSPACING="2" ALIGN="CENTER" STYLE="border-collapse: collapse; font: 12pt Times New Roman, Times, Serif; width: 60%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: center; width: 20%"><FONT STYLE="font-size: 10pt">Yes</FONT><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; width: 20%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; width: 20%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; width: 20%"><FONT STYLE="font-size: 10pt">No</FONT><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; width: 20%"><FONT STYLE="font-size: 10pt">&nbsp;X</FONT></TD></TR>
</TABLE></P>

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><TABLE CELLPADDING="2" CELLSPACING="2" ALIGN="CENTER" STYLE="border-collapse: collapse; font: 12pt Times New Roman, Times, Serif; width: 60%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: center; width: 20%"><FONT STYLE="font-size: 10pt">Yes</FONT><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; width: 20%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; width: 20%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; width: 20%"><FONT STYLE="font-size: 10pt">No</FONT><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; width: 20%"><FONT STYLE="font-size: 10pt">&nbsp;X</FONT></TD></TR>
</TABLE></P>

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

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

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

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;MILLICOM
INTERNATIONAL CELLULAR S.A.</FONT></P>

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

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; margin-left: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;<U>Item</U></FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 10pt">1.</FONT></TD><TD><FONT STYLE="font-size: 10pt">Press release dated
October 23, 2019</FONT></TD>
</TR></TABLE>

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

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

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

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

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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 63%; background-color: rgb(0,6,64); padding-left: 6pt; vertical-align: middle; text-align: left; padding-top: 6pt; padding-bottom: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 16pt; color: White"><B>Earnings
Release<BR>
</B></FONT><B><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 14pt; color: White">Q3 2019</FONT></B></TD>
    <TD STYLE="width: 37%; background-color: rgb(0,6,64); text-align: center; padding-top: 6pt; padding-bottom: 6pt">&nbsp;<IMG SRC="logo.jpg" ALT=""></TD></TR>
</TABLE>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">Luxembourg, October&nbsp;23, 2019</P>

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

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #000640"><B>Strengthening our Leadership
in Central America</B></P>

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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Revenue increased 10.8% aided by acquisitions in Panama and Nicaragua.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Operating profit decreased on higher amortization expense related to acquisitions and one-off charges.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Net loss of $130 million due to non-cash fair value adjustments and lower operating profit.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Completed acquisition of mobile operations in Panama.</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #000640">
    <TD STYLE="width: 35%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Financial highlights ($ millions)</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,097</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">990</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10.8%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,186</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,966</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.4%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Operating Profit</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">178</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">209</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(15.0)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">452</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">533</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(15.2)%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Net Income</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(130)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">68</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(70)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">84</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Latin America segment highlights &ndash; Q3
2019</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><I>Our Latin America (&ldquo;Latam&rdquo;) segment includes our
Guatemala and Honduras joint ventures as if they were fully consolidated. These highlights and the table that follows include non-IFRS
measures. See page 22 for a description of these measures and for reconciliations to the nearest equivalent IFRS measures.</I></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Service revenue* up 9.0% year-on-year fueled by acquisitions - organic growth* of 1.0%.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>EBITDA* up 18.2% on IFRS 16 adoption and acquisitions - organic growth* of 0.7%.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Sustained cash flow growth with OCF* up 10.0% organically in Q3 and 7.8% for the nine-month period.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Added a record 99,000 HFC customer relationships to reach 3.4 million.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Added 858,000 4G smartphone data customers to reach 13.5 million, i.e., 35% of our mobile customer base.</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="vertical-align: bottom; width: 40%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Latam segment highlights ($ millions)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 10%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2018</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 10%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2018</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,500</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,368</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9.7%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,387</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,104</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.9%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service Revenue*</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,383</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,268</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9.0%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,072</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,807</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.0%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: Black 1pt solid; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth*</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>1.0%</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>4.7%</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>(3.7) pt</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>2.2%</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>4.5%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>(2.3) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA*</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">620</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">525</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">18.2%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">1,796</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">1,553</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">15.7%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: Black 1pt solid; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth*</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>0.7%</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>4.2%</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>(3.5) pt</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>2.2%</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>3.3%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>(1.1) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA Margin*</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">41.4%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">38.4%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>3.0 pt</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">40.9%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">37.8%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>3.1 pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Capex*</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">247</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">246</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">0.4%</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">639</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">607</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.3%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">OCF (EBITDA &ndash; Capex)*</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">373</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">278</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">33.9%</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">1,157</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">946</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">22.3%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;&nbsp;&nbsp;Organic growth*</I></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>10.0%</I></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>1.4%</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>8.6 pt</I></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>7.8%</I></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>1.5%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>6.3 pt</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>* Non-IFRS measure. See page 22 for a description
of these measures and for reconciliations to the nearest equivalent IFRS measures.</I></P>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #7F7F7F"><SUP>i</SUP> With the exception
of balance sheet items, the comparative 2018 financial information in this earnings release has been adjusted for the classification
of our operations in Chad as discontinued operations. Our operations in Chad were disposed of on June 26, 2019.</P>

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


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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #7F7F7F">&quot;The third quarter
of 2019 marked several important milestones for Millicom. First, we strengthened our position as the leading telecommunications
operator in Panama by closing our acquisition of the largest mobile operator in the country. We are now focused on extracting the
synergies we have targeted. Second, we added a record 99,000 customer relationships to our HFC network, lifting penetration rates,
which is key to accelerating our cash flow growth over time.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #7F7F7F">Some of our markets have
experienced a slowdown in economic activity, which has adversely affected our prepaid mobile in particular, while competition in
prepaid mobile has intensified in some countries. As a result, revenue and EBITDA growth was below our expectations in the quarter.
Although I am disappointed by these headline results in Q3, our strategy remains intact, and we continued to deliver robust performance
in both postpaid mobile and residential cable. Organic OCF growth was in line with our plans in the quarter, and I remain as confident
as ever in our ability to continue to accelerate organic OCF growth over the medium term.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #7F7F7F">During the quarter, Millicom's
largest shareholder, Kinnevik, announced plans to distribute its 37.2% ownership stake in Millicom to its own shareholders later
this year. We look forward to welcoming many new shareholders to Tigo and expect that this distribution will increase the liquidity
of our shares over time.&quot;</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #7F7F7F">Organic service revenue
and EBITDA growth for our Latam segment in the first nine months of 2019 were below our expectations, as a weaker macro backdrop
and intensifying competition affected prepaid mobile. As a result, we now expect full year 2019 organic service revenue growth
of slightly above 2% and organic EBITDA growth of about 2.5%. This notwithstanding, organic OCF growth in our Latam segment has
been in line with our expectation for the first nine months of 2019, thanks to synergies in Panama and savings from efficiency
programs, which have allowed us to sustain our network expansion plans while reducing capex year-to-date.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: #000640">
    <TD STYLE="width: 38%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Financial targets</B></FONT></TD>
    <TD STYLE="width: 17%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Initial 2019 Outlook</B></FONT></TD>
    <TD STYLE="width: 17%; border-top: Black 1pt solid; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Revised 2019 Outlook</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Year-to-date</B></FONT></TD>
    <TD STYLE="width: 17%; border-top: Black 1pt solid; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Medium-term plan</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-top: Black 1pt solid; border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Latam segment</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: #00245D 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Service revenue* growth (organic YoY)</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3-5%</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Slightly above 2.0%</I></FONT></TD>
    <TD STYLE="text-align: center; border-right: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>2.2%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Mid-single-digit</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>EBITDA* growth (organic YoY)</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4-6%</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>~2.5%</I></FONT></TD>
    <TD STYLE="text-align: center; border-right: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>2.2%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Mid-to-high single-digit</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Capex*</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Slightly above $1.0 billion</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>~$1 billion</I></FONT></TD>
    <TD STYLE="text-align: center; border-right: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>$639 million**</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>OCF* growth (organic YoY)</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Mid-to-high single-digit</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Unchanged</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; border-right: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>7.8%</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Around 10%</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>* EBITDA, Service Revenue, Capex and OCF (EBITDA
less Capex) are non-IFRS measures. Please refer to disclosures on page 22 for a description of non-IFRS measures and reconciliations
to the nearest equivalent IFRS measures.</I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>** Capex year-to-date includes $23 million
related to Panama and Nicaragua mobile operations, not included in the initial 2019 outlook.</I></P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #7F7F7F">On October 15, 2019, Helios
Towers plc (or &quot;HTA&quot;, a company inserted as the holding company of Helios Towers Africa Ltd just prior to IPO) completed
its IPO on the London Stock Exchange at a price of GBP 1.15 per share, valuing the company at enterprise value of approximately
$2.0 billion and a market capitalization of $1.45 billion. As part of the listing process, Millicom sold a portion of its ownership,
yielding $12 million in net proceeds, after fees and tax escrow (or approximately $25 million net proceeds if the overallotment
option is exercised). Post-IPO, Millicom holds a 17.1% stake (or 16.2% if the overallotment option is exercised).</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #7F7F7F">On October 18, 2019, Millicom
announced that its Panama subsidiary, Cable Onda, has mandated Goldman Sachs &amp; Co. LLC and J.P. Morgan as Global Coordinators,
and BNP Paribas, Morgan Stanley and Scotiabank as Joint Bookrunners for a potential benchmark senior unsecured 144A/RegS USD bond
transaction, subject to market conditions.</P>

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


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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #7F7F7F">IFRS 16 became
effective on January 1, 2019 and primarily affects the accounting for operating leases, which have been brought onto our balance
sheet at the present value of the remaining lease payments, discounted using the lessee&rsquo;s incremental borrowing rate as of
January 1, 2019. On adoption, an additional lease liability of </FONT><FONT STYLE="color: #808285">$536 million</FONT> <FONT STYLE="color: #7F7F7F">was
recognized.</FONT></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #7F7F7F">The application of the new
standard had the following impacts on EBITDA and EBITDA margin as compared to what our results would have been if we had continued
to follow the IAS 17 standard in the nine and three month periods ended September&nbsp;30, 2019:</P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: #000640">
    <TD STYLE="width: 47%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="width: 26%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="width: 27%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #000640">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>IFRS 16 positive impact on EBITDA vs. IAS 17</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>$ millions</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>$ millions</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Latin America segment</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">44</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">124</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Africa segment</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">26</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Group (IFRS)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">38</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">107</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #7F7F7F"><B>&nbsp;</B></P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: #000640">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #000640">
    <TD STYLE="width: 28%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>IFRS 16 impact on EBITDA</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA Margin with IFRS 16</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA Margin w/o IFRS 16</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Variance (in pts)</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA Margin with IFRS 16</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA Margin w/o IFRS 16</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Variance (in pts)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Latin America segment</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">41.4%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">38.4%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">2.9</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">40.9%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">38.1%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">2.8</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Africa segment</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">40.0%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">30.7%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">9.3</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">30.6%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">21.6%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">9.0</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Group (IFRS)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">36.8%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">33.3%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">3.5</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">34.7%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">31.4%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">3.4</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #7F7F7F">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #7F7F7F">For comparative purposes,
the organic growth figures discussed throughout this report exclude the impact of this accounting change implemented as of January
1,2019.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #7F7F7F">The application of this
standard has no impact on cash flow generation, but it does impact components of our cash flow reporting, as lease expenses are
removed from EBITDA, and offsetting cash flows are booked as either lease interest or lease capital payments. The net effect is
that cash flow from operations increases, while cash flow from financing decreases commensurately.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #7F7F7F">For the nine-month
period ended September&nbsp;30, 2019, t</FONT><FONT STYLE="color: gray">he adoption of IFRS 16 increased operating free cash flow
by approximately $107 million ($152 million including Guatemala and Honduras), which was partially offset by additional lease interest
payments of $40 million ($60 million including Guatemala and Honduras). For the same period, </FONT><FONT STYLE="color: #7F7F7F">t</FONT><FONT STYLE="color: gray">he
adoption of IFRS 16 reduced financing cash flow by $70 million, as principal repayments on all lease liabilities are included in
financing activities ($95 million including Guatemala and Honduras).</FONT></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #7F7F7F">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 1, 2019. Comparatives for the 2018 financial statements were not restated. As a result, last-twelve-month EBITDA
used to calculate net debt-to-EBITDA is affected during 9 months of 2019 by IFRS 16, while EBITDA in Q4 2018 does not.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #7F7F7F">Therefore, we currently
calculate leverage metrics by excluding the IFRS 16 lease liabilities from net debt and by using EBITDA after leases for the period
since January 1, 2019, when IFRS 16 was adopted, as detailed in the Non-IFRS reconciliations beginning on page 22.</P>

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


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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #7F7F7F">The following tables summarize the impact of
IFRS 16 on our financial statements:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: #000640">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Income Statement data</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #000640">
    <TD STYLE="width: 44%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>In USD millions</B></FONT></TD>
    <TD STYLE="width: 14%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Millicom Group (IFRS)</B></FONT></TD>
    <TD STYLE="width: 14%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Guatemala and Honduras</B></FONT></TD>
    <TD STYLE="width: 14%; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Millicom Group (IFRS)</B></FONT></TD>
    <TD STYLE="width: 14%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Guatemala and Honduras</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">EBITDA - increase</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">38</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">15</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">107</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">45</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Depreciation expense - increase</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(28)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(11)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(78)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(33)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Lease Interest expense - increase</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(16)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(7)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(48)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(22)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Net Income - decrease</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(7)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(2)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(25)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(5)</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: #000640">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Cash Flow</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #000640">
    <TD STYLE="width: 44%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>In USD millions</B></FONT></TD>
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Millicom Group (IFRS)</B></FONT></TD>
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Guatemala and Honduras</B></FONT></TD>
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Millicom Group (IFRS)</B></FONT></TD>
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Guatemala and Honduras</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Additional interest payments (IFRS 16)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(16)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(7)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(40)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(20)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Additional lease capital payments (IFRS 16)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(19)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(8)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(70)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(25)</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 72%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: #000640">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Balance sheet data</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9/30/2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #000640">
    <TD STYLE="width: 61%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>In USD millions</B></FONT></TD>
    <TD STYLE="width: 19%; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Millicom Group</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>(IFRS)</B></FONT></P></TD>
    <TD STYLE="width: 20%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Guatemala and Honduras</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Additional lease liabilities (IFRS 16)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">596</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">322</FONT></TD></TR>
</TABLE>

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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Group Quarterly Financial Review - Q3 2019</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 46%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: #44546A 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Income statement data (IFRS)</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 9%; border-bottom: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 9%; border-bottom: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2018</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 9%; border-bottom: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 9%; border-bottom: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 9%; border-bottom: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2018</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 9%; border-bottom: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: #44546A 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>($ millions, except EPS in $)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Revenue</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,097</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>990</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>10.8%</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>3,186</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,966</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>7.4%</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Cost of sales</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(302)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(281)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.4%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(891)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(840)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.9%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Gross profit</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>795</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>709</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>12.2%</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,295</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,126</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>8.0%</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Operating expenses</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(392)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(386)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.4%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1,189)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1,170)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.7%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Depreciation</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(201)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(166)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">21.4%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(606)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(498)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">21.7%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Amortization</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(69)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(30)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(191)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(100)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">91.2%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Share of net profit in Guatemala and Honduras</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">46</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">44</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.5%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">137</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">109</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">25.0%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other operating income (expenses), net</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(103.6)%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">66</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(90.0)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Operating profit</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>178</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>209</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(15.0)%</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>452</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>533</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(15.2)%</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Net financial expenses</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(128)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(92)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39.8%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(392)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(256)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">53.3%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other non-operating income (expenses), net</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(127)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(14)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(82)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Gains (losses) from other JVs and associates, net</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(17)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(32)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(48.5)%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(31)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(100)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(68.5)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) before tax</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(94)</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>72</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>NM</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(54)</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>185</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>NM</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Net tax credit (charge)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(48)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(90)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(67)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">34.7%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) for the period from continuing ops.</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(142)</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>71</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>NM</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(144)</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>118</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>NM</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Non-controlling interests</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">16</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">14</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Profit (loss) from discontinued operations</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(4)</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>0</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>60</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(32)</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>NM</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net profit (loss) for the period</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(130)</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>68</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>NM</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(70)</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>84</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>NM</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Weighted average shares outstanding (millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">101.15</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">100.82</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.3%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">101.13</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">100.78</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.3%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EPS</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.29)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.68</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.69)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.84</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Group revenue increased 10.8%
($107 million) year-on-year to $1,097 million in Q3 2019. The increase largely reflects two acquisitions in Panama and one in Nicaragua.
The acquired revenue, combined with organic growth, more than offset the translation impact of weaker currencies in most of our
markets.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Cost of sales increased 7.4%
($21 million) year-on-year to $302 million. The increase largely reflects the impact of acquisitions. Operating expenses increased
1.4% ($6 million) year-on-year to $392 million. The increase reflects the acquired operations and $12 million of one-off acquisition
and integration charges, which were mostly offset by the adoption of IFRS 16, which reduced operating expenses by $38 million.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 60%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 53%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="width: 22%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Group (IFRS)</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 25%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Guatemala and Honduras</B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Amortization Expense</B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>($ millions)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Licenses and Spectrum</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(35)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Acquisitions</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(95)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(76)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other items</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(61)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(15)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Total Amortization</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(191)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(97)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: gray">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: gray">Depreciation
increased 21.4% ($36 million) year-on-year to $201 million, mostly due to the adoption of IFRS 16, which added $28 million, and
due to the acquisitions. Amortization expense increased to $69 million in Q3 2019 up from </FONT><FONT STYLE="color: #828282">$30
million in Q3 2018, as we begin to amortize intangibles stemming from recent acquisitions. In the nine-month period, amortization
expense related to past acquisitions was $95 million, roughly half of the total amortization expense for the period.</FONT></P>

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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,6,64); padding-left: 6pt; vertical-align: middle; text-align: left; padding-top: 6pt; padding-bottom: 6pt; width: 63%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 16pt; color: White"><B>Earnings Release<BR> </B></FONT><B><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 14pt; color: White">Q3 2019</FONT></B></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; padding-top: 6pt; padding-bottom: 6pt; width: 37%">&nbsp;<IMG SRC="logo.jpg" ALT=""></TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Our share of profits in&nbsp;Guatemala
and Honduras&nbsp;remained stable at $46 million in Q3 2019, an increase of 5.5% year-on-year due to growth in Guatemala and to&nbsp;improved&nbsp;performance
in&nbsp;Honduras.&nbsp;Other operating loss of $1 million decreased by $40 million year-on-year due primarily to smaller gains
on the sale of towers and to an $8 million asset impairment.&nbsp;As a result of&nbsp;the above, operating profit&nbsp;was&nbsp;$178
million in Q3 2019, down 15.0% from $209 million in Q3 2018.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Net financial expenses&nbsp;increased&nbsp;$37
million to $128 million. The increase is due&nbsp;to higher&nbsp;levels of gross debt to fund our recent acquisitions, and to the
impact of IFRS 16, which added $16 million to interest expense during the period.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Loss from other non-operating
items was $127 million in Q3 2019,&nbsp;compared to&nbsp;a loss of $14 million in Q3 2018, due&nbsp;to an $89 million reduction
in value for our equity investment in Jumia, as well as $40 million in foreign exchange losses in the quarter.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Loss from associates and
other joint ventures of $17 million in Q3 2019 compares to a loss of $32 million in Q3 2018, primarily due to lower losses in our
Ghana joint venture.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Tax expense was $48 million
in&nbsp;Q3 2019, compared to $0.2 million in Q3 2018, due to the net movement between lower profitability in Latam resulting in
lower income tax charge, offset by the inclusion of acquisitions and a higher net deferred tax expense in the quarter.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">As a result of&nbsp;the
above factors, net&nbsp;loss&nbsp;from continuing operations was&nbsp;$142 million in the quarter, compared to a profit of $71
million&nbsp;in&nbsp;Q3 2018. Loss from discontinued operations of $4 million reflects the Chad operations, which we disposed of
on June 26, 2019. Non-controlling interests&nbsp;share of net profit was $16 million in Q3 2019, compared to $2 million in Q3 2018,
reflecting our partners' share of losses in our subsidiaries in Colombia and Panama.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Net&nbsp;loss&nbsp;was $130
million,&nbsp;or a loss per share of $1.29&nbsp;for&nbsp;Q3 2019, compared to an earnings per share of $0.68 in Q3 2018. The weighted
average number of shares during the quarter was 101.15 million, an increase of 0.3% year-on-year mainly related to vesting of shares
under our employee share-based compensation plans. As of September&nbsp;30, 2019, we had 101,739,217 shares outstanding, including
596,992 held in treasury.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">&nbsp;</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 46%; border-left: #000640 1pt solid; border-bottom: #44546A 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Cash flow data ($ millions)</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2018</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #44546A 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2018</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #000640 1pt solid; border-left: #000640 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Operating free cash flow*</B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>150</B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>133</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>12.7%</B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>252</B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>260</B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(3.2)%</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #000640 1pt solid; border-left: #000640 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Finance charges paid, net</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(90)</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(64)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">40.2%</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(245)</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(173)</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">41.2%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #000640 1pt solid; border-left: #000640 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Lease interest payments, net</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(36)</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(22)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">68.2%</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(103)</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(56)</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">84.0%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #000640 1pt solid; border-left: #000640 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Free cash flow*</B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>24</B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>47</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(49.8)%</B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(95)</B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>31</B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>NM</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #000640 1pt solid; border-left: #000640 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Dividends from Guatemala and Honduras</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">76</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">87</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(12.6)%</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">181</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">181</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.1%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #000640 1pt solid; border-left: #000640 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Dividends and advances to non-controlling interests</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(100.0)%</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(12)</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1)</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #000640 1pt solid; border-bottom: #000640 1pt solid; border-left: #000640 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Equity free cash flow*</B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; border-bottom: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>100</B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; border-bottom: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>134</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(25.7)%</B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; border-bottom: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>73</B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; border-bottom: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>211</B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; border-bottom: #000640 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(65.2)%</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>* Non-IFRS measures. See page 22 for a description
of these measures. Please refer to Note 5 of our Unaudited Interim Condensed Consolidated Financial Statements for the reconciliation
of Operating free cash flow to the nearest IFRS measures. In prior years, equity free cash flow was calculated by including the
results of Guatemala and Honduras as if fully consolidated. On that same comparable basis, equity free cash flow was $143 million
in 9M 2019, compared to $243 million in 9M 2018.</I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">As many of the cash flow items
in the above table can vary somewhat from quarter to quarter throughout any given year, we believe it is more useful to review
cash flow performance on a cumulative nine-month basis.</P>

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


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">For the nine months of 2019,
operating free cash flow, defined as EBITDA, less cash Capex, working capital, other non-cash items and taxes paid, was $252 million,
a decline of $8 million compared to $260 million in 9M 2018. Factors that contributed to the decline include a $36 million reduction
in EBITDA from discontinued operations in 9M 2019 compared to 9M 2018, a $98 million increase in net cash capex (excluding spectrum
and licenses) as well as $47 million in one-offs from acquisition and integration costs and fine in Tanzania.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Net finance charges paid increased
by $71 million during the period, mainly due to higher average gross debt in 9M 2019 compared to 9M 2018, required to fund our
recent acquisitions.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Lease interest payments increased
to $103 million in H1 2019 from $56 million in 9M 2018. As a result of the adoption of IFRS 16, lease interest payments include
$40 million that would have been classified as operating cash flow under IAS 17.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Dividends received from Guatemala
and Honduras were stable at $181 million, which reflect the solid financial performance and cash flow generation in both countries.
Meanwhile, dividends paid to non-controlling interests increased to $12 million from $1 million in 9M 2018.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">As a result of the above factors,
equity free cash flow was $73 million in 9M 2019, compared to $211 million reported in 9M 2018.</P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 34%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Debt information</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Financial Debt</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Cash</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Net Financial Debt*</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Leases</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Total Gross Debt</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Total Net debt*</B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>($ millions)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Latin America</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,558</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>377</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,181</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>713</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>3,271</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,893</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which local currency</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1,912</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>330</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1,582</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>713</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2,625</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2,295</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Africa</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>67</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>29</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>38</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>220</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>288</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>259</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which local currency</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>24</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(24)</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>220</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>220</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>196</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Corporate</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,760</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>229</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,530</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>14</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,774</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,544</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which local currency</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>41</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>23</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>18</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>41</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>18</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Millicom Group (IFRS)</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5,385</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>636</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>4,750</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>947</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>6,332</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5,696</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which local currency</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1,953</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>377</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1,576</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>933</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2,886</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2,508</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Guatemala and Honduras JVs</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,286</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>251</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,035</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>323</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,609</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,359</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which local currency</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>254</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>85</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>168</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>254</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>168</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Underlying (non-IFRS)</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>6,671</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>886</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5,785</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,270</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>7,941</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>7,055</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which local currency</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2,207</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>462</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1,744</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>933</I></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3,139</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2,677</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Total - Proportionate (non-IFRS)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5,627</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>699</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>4,928</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>937</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>6,564</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5,865</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>* Net debt is a non-IFRS measure defined as
gross debt including leases, less cash and pledged and term deposits of $2 million. See page 22 for a description of non-IFRS measures
and for reconciliations to the nearest equivalent IFRS measures.</I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray"><I>In order to provide investors
with a more complete picture of the Group's financial situation, this section discusses gross debt, financial leases, cash, and
net debt on an underlying basis, a non-IFRS measure that includes Guatemala and Honduras as if fully consolidated.</I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">As of September&nbsp;30, 2019
underlying gross debt reached $7,941 million, an increase of $329 million compared to $7,612 million reported as of June 30, 2019.
The increase in underlying gross debt reflects an increase in debt in Latin America, mainly due to additional gross debt from our
Panama acquisition and related IFRS 16 leases, as well as a bond issuance in Bolivia during the quarter. Included in our underlying
gross debt, Guatemala and Honduras had gross debt of $1,609 million as of September&nbsp;30, 2019, a decrease of $22 million from
$1,631 million as of June 30, 2019.</P>

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


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Approximately 61% of underlying
gross debt at September&nbsp;30, 2019 was in Latam, 4% in Africa, and the remaining 35% at the corporate level. Underlying lease
liabilities of $1,270 million represented 16% of underlying gross debt. Excluding leases, 33% of underlying gross debt was in local
currency or swapped for local currency, and 74% was at fixed rates or swapped for fixed rates. The average cost of underlying gross
financial debt decreased marginally to 6.2%, despite the increase in gross debt, while the average maturity was 5.7 years, as of
September&nbsp;30, 2019.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Our underlying cash position
declined $239 million to $886 million, including $251 million in Guatemala and Honduras, as of September&nbsp;30, 2019. As a result,
underlying net debt was $7,055 million as of September&nbsp;30, 2019, an increase of $568 million compared to $6,487 million as
of June 30, 2019. The acquisition of mobile operations in Panama contributed to the increase in underlying net debt, partially
offset by cash flow generated in the quarter. Underlying net debt to EBITDA<SUP>i</SUP> increased to 2.63x as of September&nbsp;30,
2019 from 2.18x as of December 31, 2018. Proportionate net debt to EBITDA<SUP>i </SUP>which captures our proportional ownership
in each country, was 3.14x as of September&nbsp;30, 2019, up from 2.52x as of December 31, 2018.</P>

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

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

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #7F7F7F"><SUP>i</SUP></FONT><FONT STYLE="color: gray">Underlying
net debt to EBITDA and proportionate net debt to EBITDA are non-IFRS measures. Leverage metrics shown here are calculated excluding
the impact of IFRS 16 on underlying net debt and proportionate net debt and by using last twelve month EBITDA after leases, restated
proforma for acquisitions and disposals. See page 3 for more information on the impact of IFRS 16 adoption on our financials, and
refer to page 22 for a description of non-IFRS measures and for reconciliations to the nearest equivalent IFRS measures.</FONT></P>

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


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

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

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

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">1. Mobile, including mobile
data, mobile voice, and mobile financial services (MFS) to consumer, business and government customers;</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">2. Cable and other fixed, including
broadband, Pay TV, content, and fixed voice services for residential (Home) customers, as well as voice, data and value-added services
and solutions to business and government customers.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">On occasion, we also discuss
our performance by customer type, with B2B referring to our business and government customers, while B2C includes residential and
personal consumer groups.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 9pt; text-indent: -9pt; color: #000640"><B><I>Market environment</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 9pt; text-indent: -9pt; color: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">During 2019, economic activity
has softened in a number of our markets, including Nicaragua, Paraguay, Bolivia, and Panama. In these countries, the weaker macro
backdrop appears to have exacerbated the impact of more intense competition in prepaid mobile, which we believe is more cyclical
than our other businesses.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Currencies weakened around
3.0% in Colombia and strengthened 2.3% in Costa Rica and 0.4% in Paraguay during the quarter. The Colombian Peso saw a cumulative
depreciation of 11.8% over the last twelve months, while the Paraguayan Guarani depreciated 6.7% during the period. The remaining
currencies saw a cumulative depreciation of approximately 1-3% during the quarter.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">In Q3 2019, we added a record
858,000 4G smartphone data customers (excluding the contribution from acquisitions) to reach 13.5 million, an increase of 51.2%
year-on-year. 4G customers now account for 35% of our mobile customer base, up from 27% as of Q3 2018. Our mobile customer base
increased 17.3% year-on-year, driven mostly by the acquisition of mobile operations in Nicaragua in Q2 2019 and Panama in Q3 2019,
as well as organic growth in both our prepaid and postpaid customer segments.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Monthly mobile ARPU declined
11.5% year-on-year to $7.0, due to (1) weaker currencies, (2) the acquisition of Nicaragua, where ARPU is below the Latam segment
average, and (3) notable declines in local currency ARPU in Colombia, Bolivia, and Paraguay.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">In our residential cable business
(Home), we expanded our network to cover an additional 203,000 net homes, including 255,000 on our HFC network, mostly in Bolivia
and Colombia. Meanwhile, we added a record 99,000 HFC customer relationship net additions in the quarter, driven by strong performance
in our South American countries.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Ho<FONT STYLE="background-color: white">me
ARPU increased 1.2% to $29.21, and most of our markets saw increases in local currency terms</FONT>.</P>

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


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 39%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Key Performance Indicators (&lsquo;000)</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 19</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q2 19</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q1 19</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 18</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 18</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 19 vs Q3 18</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">38,588</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">37,162</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33,891</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33,691</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">32,908</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">17.3%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which 4G customers</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">13,535</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11,947</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10,756</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10,487</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8,955</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">51.2%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which postpaid subscribers</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,018</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,824</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,545</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,477</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,395</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">14.2%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile ARPU ($)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.0</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.4</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.5</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.8</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8.0</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(11.5)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Total homes passed</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11,635</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11,432</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11,231</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11,076</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9,908</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">17.4%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which HFC homes passed</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11,213</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10,958</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10,722</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10,559</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9,387</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">19.5%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">HFC customer relationships</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,393</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,294</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,200</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,105</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,642</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">28.5%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">HFC revenue generating units</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,773</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,539</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,323</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,118</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,046</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">34.2%</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home ARPU ($)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">29.2</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">29.4</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">29.5</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">27.3</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">28.9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.2%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B>&nbsp;</B></P>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray">In Q3 2019, revenue in our Latam segment increased
9.7% year-on-year to $1.5 billion, while service revenue increased 9.0%. The increase in service revenue is largely due to our
acquisitions in Panama and Nicaragua, which contributed $115 million and $50 million, respectively, during the quarter. Adjusting
for currency, accounting changes and including Cable Onda in both periods, organic service revenue growth was 1.0%, which was more
than offset by weaker foreign exchange rates.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray">By country, organic service revenue growth was strongest
in Costa Rica (+4.6%) and Guatemala (+3.2%), while growth lagged in El Salvador (-4.9%) and Panama (-2.9%) during the quarter.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">By business unit, organic service
revenue growth in Mobile was negative 1.7% year-on-year, due to a weaker macro environment in Paraguay as well as intense competition
in both Paraguay and Bolivia, and a slow down in Guatemala, which impacted our prepaid business in these markets. On an organic
basis, prepaid mobile service revenue softened, declining mid-single-digits, while postpaid mobile service revenue growth continued
to grow mid-single-digits in the quarter. Cable grew 4.7%, supported by 7.2% in our Home business, while B2B was down 0.5%, compared
to a strong quarter in 2018. Revenue from telephone and equipment increased 17.6% year-on-year to $117 million, due mostly to increases
in Guatemala, Honduras and El Salvador.</P>

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


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 32%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Latam Financial Highlights<BR>
($m, unless otherwise stated)</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,500</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,368</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9.7%</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,387</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,104</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.9%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth*</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.2%</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.8%</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>(1.6) pt</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.7%</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.6%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>(0.9) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue*</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,383</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,268</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9.0%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,072</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,807</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.0%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth*</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.0%</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.7%</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>(3.7) pt</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.2%</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.5%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>(2.3) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;&nbsp;Mobile</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">819</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">800</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.4%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,398</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,411</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.5)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Of which mobile data</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">428</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">402</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.5%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,244</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,189</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.7%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Cable and other fixed</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">553</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">457</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">21.0%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,637</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,361</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">20.3%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA<SUP>*</SUP></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">620</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">525</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">18.2%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,796</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,553</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">15.7%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth*</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>0.7%</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.2%</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>(3.5) pt</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.2%</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.3%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>(1.1) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA margin<SUP>*</SUP></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">41.4%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">38.4%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>3.0 pt</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">40.9%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">37.8%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>3.1 pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Capex<SUP>*</SUP></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">247</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">246</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.4%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">639</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">607</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.3%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">OCF*</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">373</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">278</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33.9%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,157</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">946</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">22.3%</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth*</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>10.0%</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.4%</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>8.6 pt</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>7.8%</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.5%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>6.3 pt</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>* Non-IFRS measures. Capex is defined as capital
expenditures excluding spectrum, license costs and finance lease capitalizations. See page 22 for a description of non-IFRS measures
and for reconciliations to the nearest equivalent IFRS measures.</I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">EBITDA for our Latam segment
increased 18.2% year-on-year to $620 million in Q3 2019. The increase largely reflects our acquisitions in Panama ($59 million)
and Nicaragua mobile ($25 million), as well as a $44 million increase from IFRS16 adjustments, partially offset by weaker currencies.
Stripping out these impacts, organic EBITDA growth was 0.7%.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">By country, El Salvador, Panama,
Costa Rica, and Guatemala, contributed positively to organic EBITDA growth, while Honduras, Colombia and Paraguay reported negative
organic EBITDA growth in the period.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">The EBITDA margin for our Latam
segment improved 3.0 percentage points to 41.4% in Q3 2019 (38.4% excluding the impact of IFRS16), increasing from 38.4% in Q3
2018. The improvement in EBITDA margin during the quarter was due to the IFRS 16 benefit.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Capex in Latin America totaled
$247 million, of which 31% was related to customer premise equipment. In mobile, we added more than 500 points of presence to our
4G network to end the quarter with more than 10,500 PoPs, an increase of 17% year-on-year. At the end of Q3 2019, our 4G networks,
which now also includes Nicaragua, covered approximately 68% of the population (approximately 120 million in our markets), up from
61% at Q3 2018.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">OCF, measured as EBITDA minus
Capex, increased 34% year-on-year to $373 million in Q3 2019 driven by the previously mentioned improvements in EBITDA related
to IFRS 16, our acquisitions in Panama and Nicaragua, and organic growth of 10.0%.</P>

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


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B>Latam segment performance
by country - Q3 2019 and H1 2019</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD COLSPAN="4" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 20%; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>$ millions</B></FONT></TD>
    <TD STYLE="width: 10%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Revenue</B></FONT></TD>
    <TD STYLE="width: 10%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Service Revenue</B></FONT></TD>
    <TD STYLE="width: 10%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA</B></FONT></TD>
    <TD STYLE="width: 10%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA Margin</B></FONT></TD>
    <TD STYLE="width: 10%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Revenue</B></FONT></TD>
    <TD STYLE="width: 10%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Service Revenue</B></FONT></TD>
    <TD STYLE="width: 10%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA</B></FONT></TD>
    <TD STYLE="width: 10%; text-align: center; border-right: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA Margin</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Bolivia</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">161</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">158</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">64</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39.7%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">480</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">468</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">192</FONT></TD>
    <TD STYLE="text-align: center; border-right: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39.9%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Colombia</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">375</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">351</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">122</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">32.7%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,144</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,074</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">380</FONT></TD>
    <TD STYLE="text-align: center; border-right: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33.2%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">El Salvador</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">95</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">86</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">35</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">36.8%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">288</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">261</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">100</FONT></TD>
    <TD STYLE="text-align: center; border-right: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">34.8%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Guatemala</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">359</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">304</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">186</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">51.8%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,057</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">917</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">563</FONT></TD>
    <TD STYLE="text-align: center; border-right: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">53.3%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Honduras</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">147</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">136</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">72</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">49.1%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">442</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">411</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">208</FONT></TD>
    <TD STYLE="text-align: center; border-right: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">47.1%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Panama</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">116</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">115</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">59</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">50.5%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">315</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">314</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">150</FONT></TD>
    <TD STYLE="text-align: center; border-right: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">47.6%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Paraguay</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">155</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">146</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">76</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">49.2%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">460</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">434</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">222</FONT></TD>
    <TD STYLE="text-align: center; border-right: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">48.2%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Others*</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">91</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">88</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.4%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">201</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">193</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(19)</FONT></TD>
    <TD STYLE="text-align: center; border-right: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9.5)%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Latam Segment</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,500</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,383</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>620</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>41.4%</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>4,387</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>4,072</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,796</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; border-right: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>40.9%</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>* &lsquo;Others&rsquo; includes Costa Rica,
Nicaragua, inter-company eliminations, and regional costs.</I></P>

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

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 38%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers ('000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8,915</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8,086</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10.3%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8,915</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8,086</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10.3%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Of which, 4G customers ('000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,053</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,217</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">37.7%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,053</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,217</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">37.7%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home customer relationships* ('000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,711</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,661</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.0%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,711</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,661</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.0%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">HFC customer relationships ('000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,342</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,198</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">12.0%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,342</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,198</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">12.0%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">375</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">418</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(10.4)%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,144</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,268</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9.8)%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; text-indent: 9pt; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic
growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.8%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.2%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(1.4) pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.7%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.2%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.5) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">351</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">392</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(10.4)%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,074</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,191</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9.8)%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; text-indent: 9pt; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.7%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.4%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(2.7) pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.7%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.6%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(1.9) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">122</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">127</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.7)%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">380</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">375</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.2%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(2.2)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>13.7%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(15.9) pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.9%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.5%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(1.6) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA margin</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">32.7%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">30.4%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.2 pt</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33.2%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">29.6%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.6 pt</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>* Home Customer Relationships includes (1) HFC
(2) DTH (3) Others.</I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Our Home business in Colombia
gained a record 46,000 HFC customer relationships, increasing to slightly more than 1.3 million customer relationships. Growth
in overall customer relationships continued to improve and was 3.0% in Q3 2019, up from 1.3% in Q3 2018. However, ARPU declined
in local currency terms due to increased promotional activity. As a result, organic service revenue in our Home business grew low
single-digits in the quarter.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">In Mobile, our customer base
increased 10.3% during Q3 2019, with both prepaid and postpaid segments experiencing healthy customer growth. This was partly offset
by a decline in ARPU, such that Mobile service revenue grew low single-digits on an organic basis.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">B2B activity improved noticeably
on a sequential basis during the quarter, but organic growth remained negative on a year-on-year basis due to the comparison against
strong performance in Q3 2018.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Service revenue decreased 10.4%
during the quarter, impacted by the 11.8% depreciation of the Colombian peso. Organic service revenue increased 1.7% year-on-year
in Q3 2019, up from 0.6% growth reported in Q2 2019.</P>

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


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">EBITDA declined 3.7% year-on-year
in USD terms and 2.2% organically to $122 million in Q3 2019. An increase in bad debt related to a wholesale customer impacted
our margin during the quarter. EBITDA margin improved 2.2 percentage points to 32.7%. Excluding the benefit from IFRS 16, EBITDA
margin would have been 29.2%, a decline of 1.2 percentage points compared to 30.4% in Q3 2018, largely a result of the bad debt
charge of $5 million. Excluding this one-off organic EBITDA growth would have been 2.0%.</P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 40%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers ('000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,343</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,269</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.2%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,343</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,269</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.2%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home customer relationships* ('000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">436</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">409</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.5%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">436</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">409</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.5%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">155</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">171</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9.1)%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">460</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">516</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(10.8)%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(2.9)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.9%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(6.8) pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(2.9)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.9%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(7.8) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">146</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">159</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(8.1)%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">434</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">478</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9.1)%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(1.9)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.4%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(7.3) pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(1.1)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.5%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(7.6) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">76</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">84</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9.4)%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">222</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">255</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(13.0)%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(4.7)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>7.7%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(12.4) pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(6.9)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.6%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(13.5) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">49.2%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">49.4%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.1) pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">48.2%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">49.4%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(1.2) pt</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>* Home Customer Relationships includes (1) HFC
(2) DTH (3) Others.</I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">In Paraguay, economic growth
turned negative in H1 2019 and appears to have remained sluggish in Q3 due to a weak agricultural sector and to contagion from
a severe slowdown in neighboring Argentina, one of Paraguay's main trading partners. The weak macro backdrop has exacerbated the
competitive environment, which remains challenging, especially in the prepaid segment of the mobile market. This has been impacting
ARPU, which declined year-on-year on an organic basis in Q3 2019, although we succeeded in maintaining market share in the quarter.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Our mobile customer base increased
2.2% year-on-year, and we had positive net adds of 116,000 during the quarter, mostly driven by an increase in prepaid net adds.
Meanwhile, we continued to grow our 4G customer base, which increased to just over 40% of our total mobile subscriber base, compared
to 29% as of Q3 2018.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Our Home customer relationships
grew 6.5% during the quarter, driven by an increase in HFC customer relationships, which increased low double-digits, as we continue
to upgrade customers from our UHF network, which we are mandated to shut down by year-end. Home ARPU was stable during the quarter.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Service revenue declined 8.1%
impacted by the 6.7% depreciation of the Paraguayan Guarani year-on-year. On an organic basis, service revenue declined by 1.9%,
reflecting weaker performance in prepaid mobile, partially offset by a positive performance in cable, which generated high single-digit
organic growth during the quarter, and a quarter-on-quarter improvement compared to Q2 2019. Service Revenue was impacted by a
$5 million revenue accrual one-off, excluding this one-off, organic service revenue growth would have been -5.1%.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">EBITDA declined 9.4% in dollar
terms and 4.7% organically in the quarter reflecting lower revenue and increased commercial activity resulting from the challenging
macroeconomic and competitive environment. The EBITDA margin remains very healthy at 49.2% (48.5% excluding the impact of IFRS16)
compared to 49.4% in Q3 2018. EBITDA was impacted by a $4 million one-off related to revenue accruals and others, excluding this
one-off EBITDA organic growth would have been -9.5%.</P>

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


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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 40%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers (&lsquo;000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,638</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,534</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.9%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,638</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,534</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.9%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home customer relationships* (&lsquo;000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">494</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">353</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">40.1%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">494</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">353</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">40.1%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">161</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">159</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.3%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">480</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">454</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.8%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.3%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>13.1%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(11.8) pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.8%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>11.4%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(5.6) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">158</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">155</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.9%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">468</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">440</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.2%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.9%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>13.7%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(11.8) pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.2%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>12.0%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(5.8) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">64</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">61</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.7%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">192</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">169</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">13.2%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.3%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>11.2%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(9.9) pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>8.5%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>7.7%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>0.8 pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39.7%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">38.1%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.6 pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39.9%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">37.3%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.6 pt</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>* Home Customer Relationships includes (1) HFC
(2) DTH (3) Others.</I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Home continued to drive our
Bolivia business in Q3 2019. Customer relationships grew 40% year-on-year to reach almost 500,000, while customers on our HFC network
increased slightly to more than 60%.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">In Mobile, competition in prepaid
remained intense in Q3, but we nonetheless added 87,000 subscribers during the quarter, as we sacrificed ARPU in order to protect
market share. 4G subscribers also continued to increase during the quarter and amounted to 55% of our clients, compared to 46%
during Q3 18.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Service revenue increased 1.9%
year-on-year supported by growth of about 40% in Cable, partially offset by a low double-digit decline in Mobile. EBITDA rose 5.7%
year-on-year (1.3% organically), and the margin expanded to 39.7% (38.1% excluding the impact of IFRS 16) due to uplift related
to IFRS 16 adoption.</P>

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

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 37%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers ('000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10,648</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10,803</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.4)%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10,648</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10,803</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.4)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home customer relationships* ('000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">509</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">476</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.9%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">509</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">476</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.9%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">359</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">341</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.3%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,057</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,015</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.1%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; text-indent: 9pt; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>7.3%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.3%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.0 pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>7.6%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.0%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.6 pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">304</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">300</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.2%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">917</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">895</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.5%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; text-indent: 9pt; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.2%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.4%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(3.2) pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.9%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.2%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.3) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">186</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">171</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8.4%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">563</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">517</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9.0%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; text-indent: 9pt; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.0%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.7%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.7) pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.1%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.3%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.2) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">51.8%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">50.2%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.5 pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">53.3%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">51.0%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.4 pt</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>* Home Customer Relationships includes (1) HFC
(2) DTH (3) Others.</I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Guatemala continued to have
positive performance in Q3 2019, albeit slower than in Q2 2019. In mobile, healthy postpaid customer net additions were offset
by a decrease in our prepaid base due to the disconnection of approximately 250,000 inactive customers. In addition, we continued
to expand our 4G customer base, which increased from 24% in Q3 2018 to 33% of our mobile customer base in Q3 2019. In cable, we
ended Q3 2019 with 509,000 customer relationships, an increase of 6.9% year-on-year.</P>

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


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Service revenue grew 1.2% in
USD terms, impacted by the weaker Guatemalan Quetzal, which was stable during the period but was 1.8% weaker compared to Q3 2018.
Excluding the currency impact, organic service revenue growth of 3.2% was down from 6.4% in Q3 2018. The slowdown largely reflects
the impact of increased competitive intensity in mobile, as richer data packages have caused a drop in the frequency of prepaid
recharges during Q3. On an organic basis, mobile service revenue growth was low single-digits, while cable service revenue growth
was in the high single-digits.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">EBITDA increased 8.4% (4.0%
organically) and the margin increased 1.5 percentage points to 51.8% (48.7% excluding the impact of IFRS 16) compared to 50.2%
reported in Q3 2018.</P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 35%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-left: #44546A 1pt solid; border-bottom: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers ('000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,529</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,635</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.3)%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,529</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,635</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.3)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home customer relationships* ('000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">172</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">163</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.0%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">172</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">163</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.0%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">147</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">144</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.7%</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">442</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">435</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.6%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.0%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.7%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.3 pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.5%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.0%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.5 pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">136</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">136</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.3)%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">411</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">413</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.3)%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.0%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.6%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.6) pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.5%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.0%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.5 pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">72</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">71</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.6%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">208</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">193</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8.1%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(1.9)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(3.1)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.2 pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.5%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(2.4)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.9 pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">49.1%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">49.2%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.1) pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">47.1%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">44.3%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.8 pt</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>* Home Customer Relationships includes (1) HFC
(2) DTH (3) Others.</I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Honduras maintained positive
performance, with organic growth in service revenue in Q3 2019. In Mobile, we remained focused on expanding our 4G network and
on upgrading our customers from 3G to 4G. Additionally, we launched our partnership with Amazon Prime Video for our postpaid customers,
which helped support healthy mid single-digit growth in postpaid subscribers and lift ARPU during the quarter. The number of 4G
customers continued to increase and was 32% of our customer base in Q3 2019, a significant improvement from 22% in Q3 2018. In
Home, we continue to focus on improving the penetration of our network and on cross-selling to our existing customers.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Service revenue decreased 0.3%
year-on-year, as the 2.2% depreciation of the Honduran Lempira offset organic growth of 2.0%. On an organic basis, mobile sustained
positive low-single-digit growth for a fourth consecutive quarter, while cable experienced mid-single-digit growth.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">EBITDA increased 1.6% (decreased
1.9% on an organic basis), and the margin decreased 0.1 percentage points to 49.1% (46.4% excluding the impact of IFRS 16), slightly
below the EBITDA margin of 49.2% in Q3 2018, which included the benefit of a $7 million one-off.</P>

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


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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 60%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="vertical-align: bottom; width: 62%; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="width: 19%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="width: 19%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers ('000)</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,744</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">n/a</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home customer relationships* ('000)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">442</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">442</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">116</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">315</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid; text-indent: 9pt; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth**</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(2.9)%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>0.2%</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue ($ millions)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">115</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">314</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid; text-indent: 9pt; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth**</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(2.9)%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>0.2%</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">59</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">150</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid; text-indent: 9pt; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth**</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.0%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.7%</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">50.5%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">47.6%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>* Home Customer Relationships includes (1) HFC
(2) DTH (3) Others.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>** Organic growth rates pertain only to our Cable Onda operations and are calculated using 2018 financials
as reported by Cable Onda to the Panama Stock Exchange.</I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">The highlight of the quarter
in Panama was closing the acquisition of Telefonica's operations on August 29, 2019, which positions Tigo as the leader in Panama's
telecommunications market. We are currently executing our integration plan, including the delivery of identified cost and capex
synergies.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Economic activity has slowed
noticeably in Panama, where real GDP growth of 2.9% in Q2 was the slowest growth rate recorded in more than a decade, while consumption
spending appears to be almost flat year-on-year. The weaker macroeconomic backdrop appears to have been affecting our revenue growth
in Q3 and year-to-date, in contrast with the exceptionally strong performance in 2018.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Our home business lost almost
10,000 customers compared to Q2 2019, due to a decline in the number of customers on DTH, where we are focused on optimizing the
profitability of that segment. Meanwhile, the number of customers on our HFC network remained stable in Q3, and ARPU continued
to increase slightly on a sequential basis. As a result, Home service revenue grew low-single-digits during the quarter. Meanwhile,
the softer macro environment and transition to a new government has had a more visible impact on B2B, where revenues grew slightly
on a sequential basis but remain down mid-single-digits compared to a very strong performance in Q3 2018.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Revenue was $116 million for
the quarter. Our mobile business, which was consolidated for one month of the quarter, generated $18 million in service revenue
during the quarter. Excluding mobile, revenue declined 2.9% on an organic basis.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">EBITDA was $59 million in Q3
and included about $10 million from our new mobile operations. Excluding mobile as well as the benefit from IFRS 16, EBITDA grew
5.0% on an organic basis, and the EBITDA margin reached 50.5% (47.6% excluding the impact of IFRS 16), improving from 47.1% in
Q2 2019.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">During the quarter, we continued
to focus on delivering synergies related to Cable Onda, generating OCF of $93 million in the nine-month period.</P>

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


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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 40%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers ('000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,475</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,581</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.1)%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,475</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,581</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.1)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home customer relationships* ('000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">273</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">275</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.6)%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">273</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">275</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.6)%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">95</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">98</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.6)%</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">288</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">304</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(5.2)%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; text-indent: 9pt; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(2.6)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(7.0)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.4 pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(5.2)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(2.9)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(2.3) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">86</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">90</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.9)%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">261</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">280</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6.7)%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; text-indent: 9pt; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(4.9)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(7.7)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.8 pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(6.7)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(3.1)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(3.6) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">35</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">30</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">18.7%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">100</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">98</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.0%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; text-indent: 9pt; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>8.2%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(23.0)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>31.2 pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(7.4)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(10.9)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.5 pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">36.8%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">30.2%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.6 pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">34.8%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">32.3%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.5 pt</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>* Home Customer Relationships includes (1) HFC
(2) DTH (3) Others.</I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">While conditions in El Salvador
remained challenging, we continued to make strides toward driving sustainable and profitable growth. Service revenue decreased
4.9% during Q3 2019, an improvement from the 7.6% decline seen in Q2 2019. The improvement in growth came largely from our home
business, where RGU growth helped to lift ARPU in the quarter. Performance in prepaid mobile continued to disappoint in Q3, although
the business has been gradually stabilizing throughout 2019.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">EBITDA increased 18.7% year-on-year
(8.2% organically) in Q3 2019. The EBITDA margin of 36.8% (33.6% excluding the impact of IFRS 16) is a 6.6 percentage point improvement
from Q2 2018, which had been impacted by a negative $4 million one-off.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Q3 2019 was the first full
quarter which included our Nicaragua mobile business, which we acquired in May 2019. During Q3 2019, service revenue was $54 million,
while EBITDA amounted to $25 million.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">During Q3 2019, service revenue
was $40 million, and EBITDA reached $14 million. We remain on track to close the previously-announced acquisition of mobile operations
during Q4 2019.</P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 60%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 46%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Key Performance Indicators (&lsquo;000)</B></FONT></TD>
    <TD STYLE="width: 18%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 19</B></FONT></TD>
    <TD STYLE="width: 18%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 18</B></FONT></TD>
    <TD STYLE="width: 18%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 19 vs Q3 18</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">12,075</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">12,490</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.3)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">MFS customers</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,459</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,701</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.6)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile ARPU ($)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.6</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.6</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.4)%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray"><I>* The comparative 2018 financial
information in this earnings release has been adjusted for the classification of our operations in Chad as discontinued operations.
Our operations in Chad were disposed of on June 26, 2019.</I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Following our disposal of Chad
in Q2 2019, our Africa segment operations are now comprised of Tanzania, including Zantel. During the quarter, we continued to
make progress toward completion of an initial public offering on the Dar es Salaam Stock Exchange, as mandated by local authorities.
We have submitted a preliminary prospectus and are awaiting government approval to proceed with the offering.</P>

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


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">During Q3 2019, we added 187,000
mobile subscribers to end the period with 12.1 million, down 3.3% from 12.5 million in Q3 2018 due to the implementation of stricter
customer registration requirements mandated by the government. The number of customers that use mobile financial services (MFS)
was 6.5 million, a 3.6% decrease from Q3 2018. Our MFS customers represent approximately 53% of our Mobile customer base.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">ARPU declined 1.4% (a decline
of 0.7% organically) due mostly to a reduction in regulated interconnection rates.</P>

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

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 34%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: #44546A 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Africa Financial Highlights</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2018<SUP>i</SUP></B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2018<SUP>i</SUP></B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>($m, unless otherwise stated)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">98</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">102</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.5)%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">284</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">296</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.9)%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic<SUP>ii</SUP> growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(2.9)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.2%</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(7.1) pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(2.2)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>7.0%</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(9.2) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">98</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">102</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.6)%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">284</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">296</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.0)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic<SUP>ii</SUP> growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(2.9)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.2%</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(7.1) pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(2.3)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>7.0%</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(9.3) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA<SUP>iii</SUP></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">30</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">32.5%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">87</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">77</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">12.9%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic<SUP>ii</SUP> growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(4.4)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>24.1%</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(28.5) pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(23.7)%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>13.5%</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(37.2) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA<SUP>iii</SUP> margin %</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">40.0%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">29.1%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>10.9 pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">30.6%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">26.1%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.6 pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Capex<SUP>iii</SUP></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">28.1%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">22</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">13</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">70.7%</FONT></TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: gray"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><I>i)</I></TD><TD><I>2018 numbers have been restated to exclude Chad.</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: gray"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><I>ii)</I></TD><TD><I>Organic YoY in local currency and constant perimeter to exclude Chad for all periods.</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: gray"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><I>iii)</I></TD><TD><I>Organic growth, EBITDA and Capex are non-IFRS measures. See page 22 for a description of non-IFRS measures and for reconciliations
to the nearest equivalent IFRS measures.</I></TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Following our disposal in Q2
2019, results from Chad are reported as discontinued operations, and our Africa segment operations now represent 6.2% of Underlying
Revenue and 6.4% of Underlying EBITDA in Q3 2019.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Africa service revenue declined
3.6% in US dollars and 2.9% organically during Q3 2019 due to the impact of lower interconnection rates, which is also the reason
there was a reduction in ARPU.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Africa EBITDA increased 32.5%
(4.4% organically) year-on-year in Q3 2019 due to benefits from IFRS 16. EBITDA margin increased by 10.9 percentage points year-on-year
to 40.0% (30.7% excluding the impact of IFRS 16).</P>

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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,6,64); padding-left: 6pt; vertical-align: middle; text-align: left; padding-top: 6pt; padding-bottom: 6pt; width: 63%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 16pt; color: White"><B>Earnings Release<BR> </B></FONT><B><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 14pt; color: White">Q3 2019</FONT></B></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; padding-top: 6pt; padding-bottom: 6pt; width: 37%">&nbsp;<IMG SRC="logo.jpg" ALT=""></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Corporate Responsibility highlights &ndash;
Q3 2019</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Millicom&rsquo;s Child Rights Program Continues
to Grow</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Two key joint programs with
UNICEF have been launched in Colombia and Paraguay to advance our Child Rights program. In Colombia, we are creating an online
platform that will host content focused on the safe, productive and responsible use of the internet. In Paraguay, UNICEF, jointly
with our local implementing partner, will deploy a protocol issued by the Ministry of Education to guide school principals and
teachers on how to help children who are adversely impacted through social media and the internet.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">In recognition of our long-standing
relationship and shared work, on September 13th our CEO Mauricio Ramos took part in a special session with UNICEF&rsquo;s Executive
Board focused on cooperation with the private sector. Framed under the concept of &ldquo;Business for Results&rdquo;, the panel
of business executives discussed ways in which UNICEF and the private sector can continue to provide their expertise and assets
to advance the protection of children.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Respecting Human Rights: Training and Deployment
of Human Rights Impact Assessments in our Operations</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #7F7F7F">We have commenced our training
on human rights and the deployment of a Human Rights Impact Assessment (HRIA) tool, which assesses the actual or potential human
rights impacts related to our products, services and operations as part of our commitments under the United Nations Guiding Principles
for Business. All country Corporate Responsibility managers have been trained on human rights. This quarter, a broader group of
staff in our Colombia, Bolivia and Paraguay operations, were trained in advance of conducting a full HRIA in these countries.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Empowering Women and Business in Panama: Semana
MiPyme</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #7F7F7F">In September, we launched
the Panama program for empowering women during our Annual &ldquo;Semana Mi PYME&rdquo; summit which gathers thousands of small
to medium business owners to propel business innovation, economic growth and sustainable development through seminars and workshops
with leading business experts from Latin America.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #7F7F7F">Our security teams have
continued to focus on SOX controls implementation as well as preparing for external auditing of ISO standards of 14001 and 45001.
Our Africa operation is now certified, along with Costa Rica and Guatemala, to both standards. The remainder of Millicom&rsquo;s
Latam operations, along with our corporate offices, are expected to be certified by 2020.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #7F7F7F">The Integrated Services
(IS) team oversees the implementation of policy and Group standards in health and safety by local operational teams. Our IS teams
offered a prompt and successful response to several major incidents and events during Q3 2019, including the successful evacuation
of staff and families during a cyclone in Tanzania.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #7F7F7F">During the quarter, unfortunately
three sales representative fatalities were recorded as a result of road traffic accidents, bringing the total amount of contractor
fatalities to 6 this year. We are working with accident investigation to improve our safety controls. The observations raised during
the investigation are currently being addressed with the respective countries and improvement notices and campaign messages are
being issued to all operating countries.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #7F7F7F">Continuing with our Compliance
education program, during Q3 2019 we closed our annual training campaign on Code of Conduct and Anti-Corruption Policies and implemented
training on Anti-Money Laundering. We also implemented a new online compliance orientation course for all new employees, as well
as a new Anti-Corruption e-learning video.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #7F7F7F">Our main communications
during the quarter focused on promoting our annual training campaign and reinforcing our Speak Up, Gifts and Hospitality, and Third-party
Management policies. We also launched a new Ethics Line Campaign, and we continued with the latest Compliance news in our weekly
newsletter.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #7F7F7F">As per our strategy to ensure
a best in class department, during Q3 2019 two of our Local Compliance Officers of the Panama and Paraguay operations participated
in Ethics and Compliance trainings and became Certified Compliance &amp; Ethics Professionals - International, by the Society of
Corporate Compliance and Ethics.</P>

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


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    <!-- Field: /Page -->

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">A presentation and conference
call to discuss these results will take place on October 24, 2019 at 3:00 PM (Luxembourg/Stockholm) / 2:00 PM (London) / 9:00 AM
(New York). Please dial in 5-10 minutes before the scheduled start time to register your attendance. Dial-in numbers for the call
are as follows:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray"><B>Sweden:</B></FONT></TD>
    <TD STYLE="width: 25%; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">+46 (0) 8 5069 2180</FONT></TD>
    <TD STYLE="width: 25%; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray"><B>Luxembourg:</B></FONT></TD>
    <TD STYLE="width: 25%; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">+352 2786 0515</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray"><B>UK:</B></FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">+44 (0) 844 571 8892</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray"><B>US:</B></FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">+1 866 966 1396</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">The access code is: 9380844</P>

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

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

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>2020</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: #44546A 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Date</B></FONT></TD>
    <TD STYLE="width: 86%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Event</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">February 24</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">Q4 2019 results</FONT></TD></TR>
<TR>
    <TD STYLE="padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">February 25</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">Q4 2019 results conference call</FONT></TD></TR>
<TR>
    <TD STYLE="padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">April 13</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">Last day for shareholders to add items to the AGM/EGM agenda</FONT></TD></TR>
<TR>
    <TD STYLE="padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">April 23</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">Q1 2020 results</FONT></TD></TR>
<TR>
    <TD STYLE="padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">April 24</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">Q1 2020 results conference call</FONT></TD></TR>
<TR>
    <TD STYLE="padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">May 5</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">AGM</FONT></TD></TR>
<TR>
    <TD STYLE="padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">July 21</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">Q2 2020 results</FONT></TD></TR>
<TR>
    <TD STYLE="padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">July 22</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">Q2 2020 results conference call</FONT></TD></TR>
<TR>
    <TD STYLE="padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">October 26</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">Q3 2020 results</FONT></TD></TR>
<TR>
    <TD STYLE="padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">October 27</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">Q3 2020 results conference call</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>&nbsp;</B></P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Press:</B></FONT> <BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Vivian Kobeh, Corporate Communications Director</FONT>&nbsp;&nbsp;<BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">+1 786 628 5300</FONT>&nbsp;&nbsp;<BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">press@millicom.com</FONT></TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Investors:</B></FONT><B> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285"><BR>
</FONT></B><FONT STYLE="color: #808285; font-family: Arial, Helvetica, Sans-Serif">Michel Morin, VP Investor Relations<BR>
+1 (786) 628-5270&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;investors@millicom.com <BR>
<BR>
</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Sarah Inmon, Investor Relations Manager<BR>
+1 (786) 628-5303&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;investors@millicom.com</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B>&nbsp;</B></P>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">Millicom (NASDAQ U.S.: TIGO,
Nasdaq Stockholm: TIGO_SDB) is a leading provider of cable and mobile services dedicated to emerging markets in Latin America and
Africa. Millicom sets the pace when it comes to providing high-speed broadband and innovation around The Digital Lifestyle services
through its principal brand, TIGO. As of December 31, 2018, Millicom operating subsidiaries and joint ventures employed more than
21,000 people and provided mobile services to approximately 50 million customers, with a cable footprint of more than 11 million
homes passed. Founded in 1992, Millicom International Cellular S.A. is headquartered in Luxembourg.</P>

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


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    <!-- Field: /Page -->

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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


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    <!-- Field: /Page -->

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">This press release contains
financial measures not prepared in accordance with IFRS. These measures are referred to as &ldquo;non-IFRS&rdquo; measures and
include: non-IFRS service revenue, non-IFRS EBITDA, and non-IFRS Capex, among others defined below. Annual growth rates for these
non-IFRS measures are often expressed in organic constant currency terms to exclude the effect of changes in foreign exchange rates,
the adoption of new accounting standards such as IFRS 16, and are proforma for material changes in perimeter due to acquisitions
and divestitures.</P>

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

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #000640"><B>EBITDA after
leases </B></FONT><FONT STYLE="color: #808285">is EBITDA after lease depreciation and lease interest expenses related to the adoption
of IFRS 16.</FONT></P>

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

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

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

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

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

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

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #000640"><B>Net debt
excluding leases</B></FONT> <FONT STYLE="color: #808285">is Net debt excluding lease liabilities</FONT></P>

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B><I>Please refer to our
2018 Annual Report for a complete list of non-IFRS measures and their descriptions.</I></B></P>

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


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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD ROWSPAN="2" STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Latam Segment ($ millions)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>Revenue</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>Service Revenue</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>EBITDA</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>OCF</U></B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2018</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2018</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2018</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 36%; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">A- Current period</FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,500</FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,368</FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,383</FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,268</FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">620</FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">525</FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">373</FONT></TD>
    <TD STYLE="width: 8%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">278</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">B- Prior year period</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,368</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,360</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,268</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,275</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">525</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">506</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">278</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">278</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">C- Reported growth (A/B)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9.7%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.5%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9.0%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.5)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">18.2%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.7%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33.9%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.2%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">D- Accounting change impact</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.4%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.4%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8.3%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.5%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">15.7%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.7%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">E- Change in Perimeter impact</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">12.7%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">13.4%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">14.1%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">16.2%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">F- FX impact</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(5.4)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(5.6)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(5.4)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(5.4)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.9)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.8)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9.3)%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.2)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">G- Other</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.1%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.1)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.1%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.2)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.2)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.4%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.6)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">F- Organic Growth (C-D-E-F-G)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.2%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.8%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.0%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.7%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.7%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.2%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10.0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.4%</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD ROWSPAN="2" STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Latam Segment ($ millions)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>Revenue</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>Service Revenue</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>EBITDA</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>OCF</U></B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2018</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2018</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2018</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 36%; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">A- Current period</FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,387</FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,104</FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,072</FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,807</FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,796</FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,553</FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,157</FONT></TD>
    <TD STYLE="width: 8%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">946</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">B- Prior year period</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,104</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,034</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,807</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,772</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,553</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,502</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">946</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">932</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">C- Reported growth (A/B)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.9%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.7%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.0%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.9%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">15.7%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.3%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">22.3%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.5%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">D- Accounting change impact</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.5%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.1)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8.0%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.7%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">13.1%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.1%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">E- Change in Perimeter impact</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9.9%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10.5%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10.9%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10.0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">F- FX impact</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(5.8)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.2)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(5.8)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.3)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(5.6)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.3)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9.3)%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.4)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">G- Other</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.1%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.1)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.1%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.2)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.2%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.3)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.7%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.7)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">F- Organic Growth (C-D-E-F-G)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.7%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.6%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.2%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.5%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.2%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.3%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.8%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.5%</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD ROWSPAN="2" STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Africa Segment ($ millions)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>Revenue</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>Service Revenue</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>EBITDA</U></B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2018</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2018</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 31%; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">A- Current period</FONT></TD>
    <TD STYLE="width: 10%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">98</FONT></TD>
    <TD STYLE="width: 12%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">102</FONT></TD>
    <TD STYLE="width: 12%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">98</FONT></TD>
    <TD STYLE="width: 11%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">102</FONT></TD>
    <TD STYLE="width: 12%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39</FONT></TD>
    <TD STYLE="width: 12%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">30</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">B- Prior year period</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">102</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">101</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">102</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">101</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">30</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">24</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">C- Reported growth (A/B)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.5)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.5%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.6)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.5%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">32.5%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">24.0%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">D- Accounting change impact</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.4)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">30.8%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.1)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">E- Change in Perimeter impact</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">F- FX impact</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.7)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.0)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.7)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.0)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.8)%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.3)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">G- Other</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.1%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.3)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.1%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.3)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.2%</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">F- Organic Growth (C-D-E-F-G)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.9)%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.2%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.9)%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.2%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.4)%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">24.1%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray"></P>

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

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

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

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


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD ROWSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Africa Segment ($ millions)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>Revenue</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>Service Revenue</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>EBITDA</U></B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2018</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2018</B></FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 34%; border-left: Black 1pt solid; border-right: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">A- Current period</FONT></TD>
    <TD STYLE="width: 11%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">284</FONT></TD>
    <TD STYLE="width: 11%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">296</FONT></TD>
    <TD STYLE="width: 11%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">284</FONT></TD>
    <TD STYLE="width: 11%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">296</FONT></TD>
    <TD STYLE="width: 11%; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">87</FONT></TD>
    <TD STYLE="width: 11%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">77</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">B- Prior year period</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">296</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">282</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">296</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">282</FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">77</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">69</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">C- Reported growth (A/B)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.9)%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.8%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.0)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.8%</FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">12.9%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11.1%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">D- Accounting change impact</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.2)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.2)%</FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33.3%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.5)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">E- Change in Perimeter impact</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">F- FX impact</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.8)%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.5)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.8)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.5)%</FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.3)%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.1)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">G- Other</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.1%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.5)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.1%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.5)%</FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.5%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.8)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">F- Organic Growth (C-D-E-F-G)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.2)%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.0%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.3)%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.0%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(23.7)%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">13.5%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>&nbsp;</B></P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 28%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Service Revenue ($ millions)</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2018</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Organic</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FX</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>IFRS 16</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Perimeter</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Other</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Reported</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Guatemala</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">304</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">300</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.2%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.0)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.2%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Colombia</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">351</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">392</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.7%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(12.0)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.1)%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(10.4)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Paraguay</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">146</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">159</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.9)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6.3)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(8.1)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Honduras</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">136</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">136</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.0%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.2)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.3)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Bolivia</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">158</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">155</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.9%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.9%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Panama</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">115</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.9)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">N/A</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">El Salvador</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">86</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">90</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.9)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.9)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Nicaragua, Costa Rica &amp; Eliminations</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">88</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">36</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">N/A</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">N/A</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">N/A</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Latam*</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,383</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,268</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1.0%</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(5.4)%</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>13.4%</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>0.1%</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>9.0%</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>* Perimeter impact on Latam segment reflects
acquisition of Cable Onda and using service revenue as reported by the company to the Panama Stock Exchange.</I></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 28%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA ($ millions)</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2018</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Organic</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FX</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>IFRS 16</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Perimeter</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Other</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Reported</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Guatemala</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">186</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">171</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.0%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.0)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.4%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8.4%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Colombia</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">122</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">127</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.2)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(11.7)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10.1%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.1)%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.7)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Paraguay</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">76</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">84</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.7)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6.2)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.4%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9.4)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Honduras</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">72</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">71</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.9)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.2)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.6%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.6%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Bolivia</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">64</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">61</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.3%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.4%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.7%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Panama</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">59</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.0%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">N/A</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">El Salvador</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">35</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">30</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8.2%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10.6%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">18.7%</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Nicaragua, Costa Rica &amp; Eliminations</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(19)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">N/A</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">N/A</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">N/A</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Latam*</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>620</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>525</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>0.7%</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(4.9)%</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>8.3%</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>14.1%</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>0.1%</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>18.2%</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>* Perimeter impact on Latam segment reflects
acquisition of Cable Onda and using EBITDA as reported by the company to the Panama Stock Exchange.</I></P>

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


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 60%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Latam Segment Mobile ARPU Reconciliation</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 19</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 18</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 19</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 18</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile service revenue ($m)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">819</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">800</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,398</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,411</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Mobile Service revenue ($m) from non Tigo customers ($m) *</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(18)</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(12)</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(53)</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(38)</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile Service revenue ($m) from Tigo customers (A)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">800</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">787</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,345</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,373</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers - end of period (000)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">38,588</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">32,908</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">38,588</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">32,908</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers - average (000) (B) **</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">37,875</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">32,986</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">35,833</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33,060</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile ARPU (USD/Month) (A/B/number of months)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.0</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8.0</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.3</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8.0</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>* Refers to TV advertising, production services,
MVNO, DVNO, equipment rental revenue, call center revenue, national roaming, equipment sales, visitor roaming, tower rental, DVNE,
and other non-customer driven revenue</I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>** Average QoQ for the quarterly view and for
9M view it is the average of the last four quarters to minimize the impact of seasonality.</I></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 27%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019 One-off Summary ($ millions)</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Revenue</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA</B></FONT></TD>
    <TD STYLE="width: 49%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Comment</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Colombia</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(5)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Bad debt related to wholesale</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Paraguay</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue accrual and others</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Latam</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(1)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Corporate</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(11)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Acquisition and integration costs</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(12)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 27%; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019 One-off Summary ($ millions)</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Revenue</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA</B></FONT></TD>
    <TD STYLE="width: 49%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Comment</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Colombia</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(10)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Legal case and bad debt</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Paraguay</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Deferred revenue adjustment</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Latam</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(4)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Africa</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(21)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Regulatory fine</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Corporate</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(22)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Acquisition and integration costs</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(47)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Foreign Exchange rates used to support FX
impact calculations in the above Organic Growth reconciliations</B></P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #000640">
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>Average FX rate (vs. USD)</U></B></FONT></TD>
    <TD COLSPAN="6" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>End of period FX rate (vs. USD)</U></B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="vertical-align: top; width: 19%; border-left: Black 1pt solid; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 5%">&nbsp;</TD>
    <TD STYLE="width: 7%; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 19</B></FONT></TD>
    <TD STYLE="width: 7%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q2 19</B></FONT></TD>
    <TD STYLE="width: 9%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>QoQ</B></FONT></TD>
    <TD STYLE="width: 7%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 18</B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>YoY</B></FONT></TD>
    <TD STYLE="width: 1%; border-left: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 19</B></FONT></TD>
    <TD STYLE="width: 7%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q2 19</B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>QoQ</B></FONT></TD>
    <TD STYLE="width: 7%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 18</B></FONT></TD>
    <TD STYLE="width: 8%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>YoY</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; text-align: justify; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Bolivia</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">BOB</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.91</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.91</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.91</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.91</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.91</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.91</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; text-align: justify; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Colombia</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">COP</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,348</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,247</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.0)%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,952</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(11.8)%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,462</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,206</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(7.4)%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,972</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(14.1)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; text-align: justify; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Costa Rica</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">CRC</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">577</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">591</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.3%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">572</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.9)%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">584</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">580</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.6)%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">582</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.2)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; text-align: justify; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Guatemala</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">GTQ</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.70</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.69</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.1)%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.56</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.8)%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.74</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.71</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.4)%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.70</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.4)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; text-align: justify; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Honduras</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">HNL</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">24.64</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">24.55</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.4)%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">24.10</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.2)%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">24.71</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">24.59</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.5)%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">24.14</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.3)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; text-align: justify; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Paraguay</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">PYG</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,205</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,233</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.4%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,792</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6.7)%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,380</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,190</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.0)%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,895</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(7.6)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; text-align: justify; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Chad</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">XAF</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">585</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">588</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.4%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">576</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.6)%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">588</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">577</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.0)%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">586</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.4)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; text-align: justify; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Ghana</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">GHS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.42</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.32</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.9)%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.79</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(11.6)%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.41</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.45</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.7%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.91</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9.3)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Tanzania</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">TZS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,306</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,304</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.1)%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,281</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.1)%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; border-left: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,294</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,301</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.3%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,285</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.4)%</FONT></TD></TR>
</TABLE>


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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 80%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 52%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2018</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; text-align: justify; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Underlying EBITDA</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">652</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">556</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,851</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,640</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; text-align: justify; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Underlying Right-of-Use asset depreciation</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(39)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(111)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; text-align: justify; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Underlying lease interest expense</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(23)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(70)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Underlying EBITDA after leases</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>590</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>556</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,670</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,640</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Reconciliation Net debt to EBITDA to Proportionate
net debt to EBITDA as of September&nbsp;30, 2019</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Debt Information</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>Underlying</U></B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>Proportionate</U></B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 22%; border-left: Black 1pt solid; text-align: center; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>$ millions</B></FONT></TD>
    <TD STYLE="width: 11%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Gross debt*</B></FONT></TD>
    <TD STYLE="width: 11%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Net debt</B></FONT></TD>
    <TD STYLE="width: 11%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Leverage**</B></FONT></TD>
    <TD STYLE="width: 12%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Ownership</B></FONT></TD>
    <TD STYLE="width: 11%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Gross debt*</B></FONT></TD>
    <TD STYLE="width: 11%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Net debt</B></FONT></TD>
    <TD STYLE="width: 11%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Leverage**</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Bolivia</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">352</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">296</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.21x</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; background-color: #ACACAC; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">100%</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">352</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">296</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.21x</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Colombia</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">979</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">839</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.85x</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; background-color: #ACACAC; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">50%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">490</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">419</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.85x</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Costa Rica</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">148</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">133</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.63x</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; background-color: #ACACAC; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">100%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">148</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">133</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.63x</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">El Salvador</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">296</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">288</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.34x</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; background-color: #ACACAC; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">100%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">296</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">288</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.34x</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Guatemala</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">928</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">701</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.01x</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; background-color: #ACACAC; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">55%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">511</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">385</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.01x</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Honduras</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">359</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">335</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.24x</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; background-color: #ACACAC; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">67%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">239</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">223</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.24x</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Panama</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">494</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">468</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.75x</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; background-color: #ACACAC; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">80%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">395</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">374</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.75x</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Paraguay</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">532</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">433</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.47x</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; background-color: #ACACAC; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">100%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">532</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">433</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.47x</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Nicaragua</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(24)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-0.29x</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; background-color: #ACACAC; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">100%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(24)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-0.29x</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Latam</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>4,096</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>3,468</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1.40x</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; background-color: #ACACAC; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,970</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,529</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1.41x</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Africa</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>168</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>139</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1.50x</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; background-color: #ACACAC; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>162</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>135</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1.47x</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Corporate</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,759</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,530</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; background-color: #ACACAC; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>100%</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,759</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,530</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Sub-Total</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>7,023</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>6,137</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2.63x</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #ACACAC; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5,892</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5,193</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>3.14x</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">IFRS 16 Leases</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">918</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">918</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">672</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">672</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Total Debt, including IFRS 16 leases</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>7,941</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>7,055</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>6,564</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5,865</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray"><I>* Gross debt excluding leases
related to IFRS 16. ** Leverage defined as net debt to last-twelve-month (LTM) EBITDA after leases, proforma for acquisitions.</I></P>

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


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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 27%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="width: 7%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>2019</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>2020</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>2021</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>2022</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>2023</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>2024</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>2025</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>2026</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>2027</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>2028</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>&gt;2029</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">International Bonds</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,002</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">500</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">500</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">300</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">500</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">750</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>&nbsp;&nbsp;&nbsp;Floating MIC S.A. Sustainability Bond Due 2024</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">202</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>&nbsp;&nbsp;&nbsp;6.875% Comcel&nbsp;&nbsp;USD 800m Bond Due 2024</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">800</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>&nbsp;&nbsp;&nbsp;6.000% MIC S.A. USD 500m Bond Due 2025</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">500</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>&nbsp;&nbsp;&nbsp;6.625% MIC S.A. USD 500m Bond Due 2026</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">500</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>&nbsp;&nbsp;&nbsp;5.875% Telecel USD 300m Bond Due 2027</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">300</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>&nbsp;&nbsp;&nbsp;5.125% MIC S.A. USD 500m Bond Due 2028</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">500</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>&nbsp;&nbsp;&nbsp;6.250% MIC S.A. USD 750m Bond Due 2029</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">750</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Local Bonds (Colombia &amp; Bolivia)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">43</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">69</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">44</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">46</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">106</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">110</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">182</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">104</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">40</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Bank and DFI</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">108</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">162</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">238</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">325</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">429</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">476</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">300</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">28</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">104</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">49</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">158</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>151</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>231</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>282</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>370</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>536</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,588</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>982</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>632</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>404</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>549</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>948</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B><I>%&nbsp;&nbsp;of Total</I></B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>2.3%</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>3.5%</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>4.2%</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>5.5%</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>8.0%</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>23.8%</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>14.7%</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>9.5%</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>6.1%</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>8.2%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>14.2%</I></FONT></TD></TR>
</TABLE>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,6,64); padding-left: 6pt; vertical-align: middle; text-align: left; padding-top: 6pt; padding-bottom: 6pt; width: 63%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 16pt; color: White"><B>Earnings Release<BR> </B></FONT><B><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 14pt; color: White">Q3 2019</FONT></B></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; padding-top: 6pt; padding-bottom: 6pt; width: 37%">&nbsp;<IMG SRC="logo.jpg" ALT=""></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B><I>Fully consolidated P&amp;L reconciliation
for IFRS 16 implementation (unaudited)</I></B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 48%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>($millions)</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>IFRS16 Impact</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2019 before IFRS 16</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q3 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>% change</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Revenue</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,097</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,097</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>990</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>10.8%</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Cost of sales</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(302)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(302)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(281)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.4%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Gross profit</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>795</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>795</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>709</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>12.2%</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Operating expenses</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(392)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">38</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(430)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(386)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">11.4%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>EBITDA</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>404</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>38</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>365</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>323</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>13.2%</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Depreciation</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(201)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(28)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(174)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(166)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4.7%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Amortization</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(69)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(69)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(30)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Share of profit in Guatemala and Honduras</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">46</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(2)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">49</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">44</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">10.5%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Other operating income (expenses), net</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(5)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">39</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(91.5)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Operating profit</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>178</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>174</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>209</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(16.8)%</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Net financial expenses</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(128)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(16)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(112)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(92)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">22.4%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Other non-operating income (expenses), net</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(127)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(127)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(14)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Gains (losses) from other JVs and associates, net</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(17)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(17)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(32)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(48.5)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Profit (loss) before tax</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(94)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(12)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(82)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>72</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>NM</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Net tax credit (charge)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(48)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">5</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(53)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Profit (loss) for the period from continuing ops.</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(142)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(6)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(135)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>71</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>NM</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Non-controlling interests</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">16</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">17</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(2)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Profit (loss) from discontinued operations</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Net profit (loss) for the period</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(130)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(7)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(123)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>68</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>NM</B></FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 48%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>($millions)</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>IFRS16 Impact</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2019 before IFRS 16</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>9M 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>% change</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Revenue</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>3,186</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>3,186</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2,966</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>7.4%</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Cost of sales</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(891)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(891)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(840)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6.0%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Gross profit</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2,295</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2,295</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2,126</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>8.0%</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Operating expenses</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1,189)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">107</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1,296)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1,170)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">10.8%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>EBITDA</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,106</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>107</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>999</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>956</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>4.5%</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Depreciation</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(606)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(78)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(528)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(498)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6.0%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Amortization</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(191)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(191)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(100)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">91.2%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Share of net profit in Guatemala and Honduras</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">137</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(5)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">142</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">109</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">29.9%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Other operating income (expenses), net</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(6)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">13</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">66</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(80.6)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Operating profit</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>452</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>17</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>435</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>533</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(18.4)%</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Net financial expenses</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(392)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(48)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(344)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(256)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">34.6%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Other non-operating income (expenses), net</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(82)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(82)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">8</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Gains (losses) from other JVs and associates, net</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(31)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(31)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(100)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(68.5)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Profit (loss) before tax</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(54)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(31)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(22)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>185</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(112.1)%</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Net tax credit (charge)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(90)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">4</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(95)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(67)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">41.3%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Profit (loss) for the period from continuing ops.</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(144)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(27)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(117)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>118</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>NM</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Non-controlling interests</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">14</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">12</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Profit (loss) from discontinued operations</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">60</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">60</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(32)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Net profit (loss) for the period</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(70)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(25)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(45)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>84</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>NM</B></FONT></TD></TR>
</TABLE>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,6,64); padding-left: 6pt; vertical-align: middle; text-align: left; padding-top: 6pt; padding-bottom: 6pt; width: 63%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 16pt; color: White"><B>Earnings Release<BR> </B></FONT><B><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 14pt; color: White">Q3 2019</FONT></B></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; padding-top: 6pt; padding-bottom: 6pt; width: 37%">&nbsp;<IMG SRC="logo.jpg" ALT=""></TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Capex Reconciliation</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 53%; border-left: Black 1pt solid; border-right: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Capex Reconciliation</B></FONT></TD>
    <TD STYLE="width: 12%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 19</B></FONT></TD>
    <TD STYLE="width: 11%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 18</B></FONT></TD>
    <TD STYLE="width: 12%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 19</B></FONT></TD>
    <TD STYLE="width: 12%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 18</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Consolidated:</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Additions to property, plant and equipment</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">173</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">176</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">459</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">449</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; text-indent: 10pt; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which finance lease capitalizations from tower sale and leaseback transactions</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>20</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Additions to licenses and other intangibles</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">30</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">127</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">116</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; text-indent: 10pt; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which spectrum and license costs</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>9</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>53</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>60</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Total consolidated additions</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>212</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>205</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>586</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>565</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which is capital expenditures related to the corporate offices</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2</I></FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 53%; border-left: Black 1pt solid; border-right: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Latin America Segment</B></FONT></TD>
    <TD STYLE="width: 12%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 19</B></FONT></TD>
    <TD STYLE="width: 11%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 18</B></FONT></TD>
    <TD STYLE="width: 12%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 19</B></FONT></TD>
    <TD STYLE="width: 12%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 18</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Additions to property, plant and equipment</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">221</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">218</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">565</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">541</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; text-indent: 10pt; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which finance lease capitalizations from tower sale and leaseback transactions</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>17</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Additions to licenses and other intangibles</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">31</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">43</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">127</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">144</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; text-indent: 10pt; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which spectrum and license costs</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>9</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>53</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>60</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Latin America Segment total additions (Underlying)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">252</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">261</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">692</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">685</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Capex excluding spectrum and lease capitalizations</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>247</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>246</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>639</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>607</B></FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 53%; border-left: Black 1pt solid; border-right: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Africa Segment</B></FONT></TD>
    <TD STYLE="width: 12%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 19</B></FONT></TD>
    <TD STYLE="width: 11%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 18</B></FONT></TD>
    <TD STYLE="width: 12%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 19</B></FONT></TD>
    <TD STYLE="width: 12%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 18</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Additions to property, plant and equipment</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">22</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">13</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; text-indent: 10pt; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which finance lease capitalizations from tower sale and leaseback transactions</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Additions to licenses and other intangibles</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">12</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">12</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; text-indent: 10pt; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which spectrum and license costs</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>12</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>12</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Africa Segment total additions</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">19</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">34</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">13</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Capex excluding spectrum and lease capitalizations</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>7</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>22</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>13</B></FONT></TD></TR>
</TABLE>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,6,64); padding-left: 6pt; vertical-align: middle; text-align: left; padding-top: 6pt; padding-bottom: 6pt; width: 63%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 16pt; color: White"><B>Earnings Release<BR> </B></FONT><B><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 14pt; color: White">Q3 2019</FONT></B></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; padding-top: 6pt; padding-bottom: 6pt; width: 37%">&nbsp;<IMG SRC="logo.jpg" ALT=""></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 64%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Cash Flow Data</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 19</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 18</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 19</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 18</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net cash provided by operating activities</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>209</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>206</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>532</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>561</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Purchase of property, plant and equipment</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(177)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(152)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(526)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(444)</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Proceeds from sale of property, plant and equipment</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">82</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">21</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">134</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Purchase of intangible assets and licenses</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(41)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(11)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(144)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(144)</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Proceeds from sale of intangible assets</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net purchase/proceeds for property, plant and equipment and intangible assets</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(210)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(81)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(650)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(455)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(Less) Proceeds from sale of towers part of tower sale and leaseback transactions</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(8)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(79)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(21)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(129)</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(Less) Purchase of spectrum and licenses</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">32</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">43</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">54</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(Less) Finance charges paid, net</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">126</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">86</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">347</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">229</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Operating free cash flow</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>150</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>133</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>252</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>260</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>OCF (EBITDA- Capex) Reconciliation</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 48%; border-left: Black 1pt solid; border-right: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Latam OCF Underlying</B></FONT></TD>
    <TD STYLE="width: 13%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 19</B></FONT></TD>
    <TD STYLE="width: 13%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 18</B></FONT></TD>
    <TD STYLE="width: 13%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 19</B></FONT></TD>
    <TD STYLE="width: 13%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 18</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Latam EBITDA</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">620</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">525</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,796</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,553</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(-) Capex (Ex. Spectrum)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">247</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">246</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">639</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">607</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Latam OCF</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>373</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>278</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,157</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>946</B></FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 48%; border-left: Black 1pt solid; border-right: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Africa OCF</B></FONT></TD>
    <TD STYLE="width: 13%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 19</B></FONT></TD>
    <TD STYLE="width: 13%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 18</B></FONT></TD>
    <TD STYLE="width: 13%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 19</B></FONT></TD>
    <TD STYLE="width: 13%; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>9M 18</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Africa EBITDA</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">30</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">87</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">77</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(-) Capex (Ex. Spectrum)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">22</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">13</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Africa OCF</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>32</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>24</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>65</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>64</B></FONT></TD></TR>
</TABLE>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B><I>Guatemala and Honduras Financial Statement
data (unaudited)</I></B></P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 44%; border: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Income statement data Q3 2019</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Millicom (IFRS)</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Guatemala and Honduras JVs</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Eliminations</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Underlying (non-IFRS)</B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>($millions)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Revenue</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,097</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>501</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,598</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Cost of sales</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(302)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(121)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(422)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Gross profit</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>795</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>380</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,176</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Operating expenses</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(392)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(132)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(523)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>EBITDA</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>404</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>249</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>652</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>EBITDA margin</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>36.8%</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>49.6%</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #44546A">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>40.8%</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Depreciation &amp; amortization</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(271)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(111)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(381)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Share of net profit in joint ventures</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">46</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(46)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other operating income (expenses), net</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Operating profit</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>178</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>136</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(46)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>268</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Net financial expenses</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(128)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(25)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(153)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other non-operating income (expenses), net</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(127)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(129)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Gains (losses) from associates</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(17)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(17)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) before tax</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(94)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>109</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(46)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(31)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Net tax credit (charge)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(48)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(25)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(72)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) for the period</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(142)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>84</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(46)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(104)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Profit (loss) from discontinued operations</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Non-controlling interests</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">16</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(38)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(22)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net profit (loss) for the period</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(130)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>46</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(46)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(130)</B></FONT></TD></TR>
</TABLE>

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    <TD STYLE="width: 44%; border: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Income statement data 9M 2019</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Millicom (IFRS)</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Guatemala and Honduras JVs</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Eliminations</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Underlying (non-IFRS)</B></FONT></TD></TR>
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    <TD STYLE="border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>($millions)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Revenue</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>3,186</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,484</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>4,670</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Cost of sales</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(891)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(339)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1,229)</FONT></TD></TR>
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    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Gross profit</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,295</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,146</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>3,441</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Operating expenses</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1,189)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(401)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1,591)</FONT></TD></TR>
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    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>EBITDA</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,106</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>744</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,851</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>EBITDA margin</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>34.7%</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>50.1%</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #44546A">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>39.6%</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Depreciation &amp; amortization</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(798)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(331)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1,129)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Share of net profit in joint ventures</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">137</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(137)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other operating income (expenses), net</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Operating profit</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>452</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>408</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(137)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>723</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Net financial expenses</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(392)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(81)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(473)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other non-operating income (expenses), net</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(82)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(85)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Gains (losses) from associates</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(31)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(31)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) before tax</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(54)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>323</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(137)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>133</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Net tax credit (charge)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(90)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(73)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(163)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) for the period</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(144)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>250</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(137)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(31)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Profit (loss) from discontinued operations</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">60</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">60</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Non-controlling interests</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">14</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(113)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(99)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net profit (loss) for the period</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(70)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>137</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(137)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(70)</B></FONT></TD></TR>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 55%; border: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Balance Sheet data ($ millions)</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Millicom IFRS</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Guatemala and Honduras JVs</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Underlying (non-IFRS)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>ASSETS</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: #00245D 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: #00245D 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Intangible assets, net</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,178</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,846</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,024</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Property, plant and equipment, net</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,762</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">901</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,663</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Right of Use Assets</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">865</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">317</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,182</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Investments in joint ventures and associates</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,035</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2,922)</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">113</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other non-current assets</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">297</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">157</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">454</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>TOTAL NON-CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>10,136</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,300</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>11,436</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Inventories, net</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">50</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">27</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">77</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Trade receivables, net</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">375</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">73</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">448</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other current assets</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">590</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">452</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,042</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Restricted cash</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">153</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">14</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">167</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Cash and cash equivalents</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">633</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">251</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">883</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>TOTAL CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,801</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>817</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,618</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Assets held for sale</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>TOTAL ASSETS</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>11,942</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,117</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>14,059</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="border-right: #00245D 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: #00245D 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>EQUITY AND LIABILITIES</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Equity attributable to owners of the Company</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,172</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">52</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,224</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Non-controlling interests</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">226</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">602</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">829</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>TOTAL EQUITY</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,399</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>654</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>3,053</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Debt and financing</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,976</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,549</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7,525</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other non-current liabilities</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">951</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(150)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">802</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>TOTAL NON-CURRENT LIABILITIES</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>6,928</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,399</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>8,327</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Debt and financing</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">356</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">60</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">416</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other current liabilities</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,260</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,264</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>TOTAL CURRENT LIABILITIES</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,616</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>64</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,679</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Liabilities directly associated with assets held for sale</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>TOTAL LIABILITIES</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>9,543</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,463</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>11,006</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>TOTAL EQUITY AND LIABILITIES</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>11,942</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,117</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>14,059</B></FONT></TD></TR>
</TABLE>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,6,64); padding-left: 6pt; vertical-align: middle; text-align: left; padding-top: 6pt; padding-bottom: 6pt; width: 63%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 16pt; color: White"><B>Earnings Release<BR> </B></FONT><B><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 14pt; color: White">Q3 2019</FONT></B></TD><TD STYLE="background-color: rgb(0,6,64); text-align: center; padding-top: 6pt; padding-bottom: 6pt; width: 37%">&nbsp;<IMG SRC="logo.jpg" ALT=""></TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 63%; border: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Cash Flow Data - 9M 2019</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Millicom IFRS</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 14%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Guatemala and Honduras JVs</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 11%; border: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Underlying (non-IFRS)</B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>($millions)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) before taxes from continuing operations</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(54)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>186</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>133</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-indent: 10pt; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Profit (loss) for the period from discontinued operations</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">62</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">62</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-indent: 10pt; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) before taxes</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>8</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>186</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>194</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-indent: 10pt; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net cash provided by operating activities (incl. discontinued ops)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>532</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>581</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,113</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-indent: 10pt; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net cash used in investing activities (incl. discontinued ops)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(1,357)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(382)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(1,739)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net cash from (used by) financing activities (incl. discontinued ops)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>955</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(189)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>766</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Exchange impact on cash and cash equivalents, net</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(16)</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(16)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net (decrease) increase in cash and cash equivalents</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>114</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>10</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>124</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Cash and cash equivalents at the beginning of the period</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">528</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">241</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">769</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Effect of cash in disposal group held for Sale</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9)</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Cash and cash equivalents at the end of the period</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>633</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>251</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>884</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"><B>&nbsp;</B></P>

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

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

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285"><FONT STYLE="font-size: 10pt"><I>This
information was prior to this release inside information and is information that Millicom is obliged to make public pursuant to
the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact person set out
above, at 22:05 CET on October&nbsp;23, 2019.</I></FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285"></P>



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

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



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<P STYLE="font: 36pt Arial, Helvetica, Sans-Serif; margin: 0pt 68pt 0pt 0; color: #000640"><B>Unaudited Interim Condensed Consolidated
Financial Statements</B></P>

<P STYLE="font: 20pt Arial, Helvetica, Sans-Serif; margin: 0pt 68pt 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 68pt 0pt 0; color: #000640"><B>For the three and nine-month periods
ended September&nbsp;30, 2019</B></P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 68pt 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 68pt 0pt 0; color: #000640">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">October&nbsp;23, 2019</P>

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

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        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">Unaudited Interim Condensed Consolidated
        Financial Statements</P>
        <P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For
        the three and nine-month periods ended </FONT>September&nbsp;30, 2019</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"></P>
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<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #39B8D4"><B>Unaudited interim condensed consolidated statements
of income for the three and nine-month periods ended September&nbsp;30, 2019</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 41%; border-top: gray 1pt solid; text-align: left"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 7%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Notes</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Nine months ended September 30, 2019</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Nine months ended September 30, 2018 (i)</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Three months ended September 30, 2019</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Three months ended September 30, 2018 (i)</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Revenue</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>5</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>3,186</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>2,966</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>1,097</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>990</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Cost of sales</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(891)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(840)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(302)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(281)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Gross profit</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>2,295</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>2,126</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>795</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>709</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Operating expenses</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">2</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(1,189)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(1,170)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(392)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(386)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Depreciation</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">2</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(606)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(498)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(201)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(166)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Amortization</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(191)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(100)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(69)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(30)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Share of profit in the joint ventures in Guatemala and Honduras</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">14</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">137</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">109</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">46</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">44</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other operating income (expenses), net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">7</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">66</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(1)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">39</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Operating profit</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>5</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>452</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>533</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>178</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>209</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Interest and other financial expenses</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">2, 10</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(407)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(269)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(135)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(97)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Interest and other financial income</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">15</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">13</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">7</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">5</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other non-operating (expenses) income, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">6</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(82)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">8</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(127)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(14)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Profit (loss) from other joint ventures and associates, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(31)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(100)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(17)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(32)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Profit (loss) before taxes from continuing operations</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(54)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>185</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(94)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>72</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Charge for taxes, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(90)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(67)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(48)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">&mdash;</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Profit (loss) after taxes from continuing operations</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(144)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>118</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(142)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>71</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Profit (loss) for the period from discontinued operations</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">4</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">60</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(32)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">(4)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #ACACAC">&mdash;</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Net profit (loss) for the period</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(84)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>86</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(146)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>71</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Attributable to :</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Owners of the Company</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(70)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">84</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(130)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">68</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: rgb(128,130,133) 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Non-controlling interests</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: rgb(128,130,133) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(128,130,133) 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(14)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt; border-bottom: rgb(128,130,133) 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">1</FONT></TD>
    <TD STYLE="border-bottom: rgb(128,130,133) 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(16)</FONT></TD>
    <TD STYLE="border-bottom: rgb(128,130,133) 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">2</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-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">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285"><B>Basic ($)</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">7</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(0.69)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">0.84</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(1.29)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">0.68</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285"><B>Diluted ($)</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">7</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(0.69)</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">0.84</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(1.29)</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">0.68</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>(i)&nbsp;&nbsp;&nbsp;Re-presented
for discontinued operations(see note 4). 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 Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

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

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

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


<!-- Field: Page; Sequence: 38; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three and nine-month periods ended </FONT>September&nbsp;30, 2019</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P></TD><TD STYLE="width: 35%; font-size: 10pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #39B8D4">&nbsp;</P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #39B8D4"><B>Unaudited interim condensed consolidated statements
of comprehensive income for the three and nine-month periods ended September&nbsp;30, 2019</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 48%; border-top: gray 1pt solid; text-align: left"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 13%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Nine months ended September 30, 2019</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Nine months ended September 30, 2018</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Three months ended September 30, 2019 (i)</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Three months ended September 30, 2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Net profit (loss) for the period</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(84)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">86</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(146)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">71</FONT>&#9;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285"><B>Other comprehensive income (to be reclassified to income statement in subsequent periods), net of tax:</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Exchange differences on translating foreign operations</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(37)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(20)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(51)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(31)</FONT>&#9;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Cash flow hedges</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(18)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(7)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: rgb(128,130,133) 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: rgb(128,130,133)"><B>Total comprehensive income (loss) for the period</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(128,130,133) 1pt solid; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(139)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(128,130,133) 1pt solid; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">65</FONT>&#9;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(128,130,133) 1pt solid; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(204)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(128,130,133) 1pt solid; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">40</FONT>&#9;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: rgb(128,130,133) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(128,130,133) 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(128,130,133) 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(128,130,133) 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(128,130,133) 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285"><B>Attributable to</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Owners of the Company</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(117)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">63</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(179)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">40</FONT>&#9;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Non-controlling interests</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(22)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">2</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(26)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Gray 1pt solid; border-bottom: rgb(128,130,133) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Gray 1pt solid; border-bottom: rgb(128,130,133) 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-top: Gray 1pt solid; border-bottom: rgb(128,130,133) 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-top: Gray 1pt solid; border-bottom: rgb(128,130,133) 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-top: Gray 1pt solid; border-bottom: rgb(128,130,133) 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285"><B>Total comprehensive income (loss) for the period arises from:</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Continuing operations</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(199)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">70</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(200)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">42</FONT>&#9;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Discontinued operations</FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">60</FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(5)</FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(4)</FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(2)</FONT>&#9;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>(i)&nbsp;&nbsp;&nbsp;Re-presented
for discontinued operations (note 4). 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 Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

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

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

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


<!-- Field: Page; Sequence: 39; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three and nine-month periods ended </FONT>September&nbsp;30, 2019</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P></TD><TD STYLE="width: 35%; font-size: 10pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #39B8D4">&nbsp;</P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #39B8D4"><B>Unaudited interim condensed consolidated statement
of financial position as at September&nbsp;30, 2019</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 68%; border-top: gray 1pt solid; text-align: left"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Notes</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>September 30, 2019</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>December 31, 2018 (i)</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>NON-CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Intangible assets, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">9</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">3,178</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">2,374</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Property, plant and equipment, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">8</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">2,762</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">3,041</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Right of use assets</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">2</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">865</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Investments in joint ventures</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">14</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">2,923</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">2,867</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Investments in associates</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">15</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">112</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">169</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Contract costs, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">5</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">4</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Deferred tax assets</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">196</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">202</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other non-current assets</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">12</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">96</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">126</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>TOTAL NON-CURRENT ASSETS</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>10,136</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>8,784</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Inventories</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">50</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">39</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Trade receivables, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">375</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">343</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Contract assets, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">41</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">37</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Amounts due from non-controlling interests, associates and joint ventures</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">12</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">26</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">34</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Prepayments and accrued income</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">182</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">129</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Current income tax assets</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">96</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">108</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Supplier advances for capital expenditure</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">26</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">25</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Equity investment</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">15</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">39</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other current assets</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">181</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">127</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Restricted cash</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">153</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">158</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Cash and cash equivalents</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">633</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">528</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>TOTAL CURRENT ASSETS</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>1,801</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>1,529</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Assets held for sale</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">5</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">3</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>TOTAL ASSETS</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>11,942</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>10,316</B></FONT>&#9;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

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

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

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

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

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

<!-- Field: Page; Sequence: 40; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three and nine-month periods ended </FONT>September&nbsp;30, 2019</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P></TD><TD STYLE="width: 35%; font-size: 10pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #39B8D4"><B>Unaudited interim condensed consolidated statement
of financial position as at September&nbsp;30, 2019 (continued)</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 68%; border-top: gray 1pt solid; text-align: left"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Notes</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>September 30, 2019</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>December 31, 2018 (i)</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>EQUITY AND LIABILITIES</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>EQUITY</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Share capital and premium</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">633</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">635</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Treasury shares</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(53)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(81)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other reserves</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(588)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(538)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Retained profits</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">2,249</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">2,535</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Loss for the period/year attributable to equity holders</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(70)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(10)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Equity attributable to owners of the Company</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>2,172</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>2,542</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Non controlling interests</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">226</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">249</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>TOTAL EQUITY</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>2,399</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>2,790</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>LIABILITIES</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Non current liabilities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Debt and financing</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">10</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">5,129</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">4,123</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Lease liabilities</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">2</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">847</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Amounts due to non-controlling interests, associates and joint ventures</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">12</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">294</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">135</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Provisions and other non-current liabilities</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">358</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">350</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Derivative financial instruments</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">13</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">27</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">1</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Deferred tax liabilities</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">272</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">233</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Total non-current liabilities</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>6,928</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>4,841</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Current liabilities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Debt and financing</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">10</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">256</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">458</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Lease liabilities</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">2</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">100</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Put option liability</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">3</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">257</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">239</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Payables and accruals for capital expenditure</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">230</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">335</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other trade payables</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">265</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">282</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Amounts due to non-controlling interests, associates and joint ventures</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">12</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">328</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">348</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Accrued interest and other expenses</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">450</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">383</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Current income tax liabilities</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">69</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">58</FONT>&#9;</TD></TR>
<TR STYLE="background-color: rgb(238,241,249)">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: rgb(128,130,133)">Contract liabilities</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">73</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">87</FONT>&#9;</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="color: rgb(128,130,133)">Dividend payable</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">134</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD></TR>
<TR STYLE="background-color: rgb(238,241,249)">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Provisions and other current liabilities</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">453</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">494</FONT>&#9;</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Total current liabilities</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>2,616</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>2,684</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: rgb(238,241,249)">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>TOTAL LIABILITIES</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>9,543</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>7,526</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>TOTAL EQUITY AND LIABILITIES</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>11,942</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>10,316</B></FONT>&#9;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>&nbsp;</I></P>

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

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

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

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


<!-- Field: Page; Sequence: 41; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three and nine-month periods ended </FONT>September&nbsp;30, 2019</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P></TD><TD STYLE="width: 35%; font-size: 10pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #39B8D4">&nbsp;</P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #39B8D4"><B>Unaudited interim condensed consolidated statement
of cash flows for the nine-month period ended September&nbsp;30, 2019</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 68%; text-align: left"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Notes</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 12%; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>September 30, 2019</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 12%; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>September 30, 2018 (i)</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Cash flows from operating activities (including discontinued operations)</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Profit before taxes from continuing operations</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(54)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">185</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 14pt; text-indent: -14pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Profit (loss) before taxes from discontinued operations</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">4</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">62</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(29)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Profit before taxes</B></FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>8</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>156</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Adjustments to reconcile to net cash:</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-left: 14pt; text-indent: -14pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Interest and other financial expenses</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">408</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">274</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 14pt; text-indent: -14pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Interest and other financial income</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(15)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(13)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Adjustments for non-cash items:</B></FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Depreciation and amortization</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">5</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">808</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">619</FONT>&#9;</TD></TR>
<TR>
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(Profit) loss from other joint ventures and associates,net</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">31</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">100</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Loss (gain) on disposal and impairment of assets, net</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">4</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(81)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(26)</FONT>&#9;</TD></TR>
<TR>
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Share based compensation</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">22</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">14</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Share of profit in Guatemala and Honduras joint ventures</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(137)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(109)</FONT>&#9;</TD></TR>
<TR>
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other non-cash non-operating (income) expenses, net</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">82</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(8)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Changes in working capital:</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-left: 8pt; text-indent: -8pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Decrease (increase) in trade receivables, prepayments and other current assets, net</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(143)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(124)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 8pt; text-indent: -8pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(Increase) decrease in inventories</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(6)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(9)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="padding-left: 8pt; text-indent: -8pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Increase (decrease) in trade and other payables, net</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(25)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">18</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Changes in contract assets, liabilities and costs, net</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(1)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(8)</FONT>&#9;</TD></TR>
<TR>
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Total changes in working capital</B></FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(175)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(123)</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Interest (paid)</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(359)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(244)</FONT>&#9;</TD></TR>
<TR>
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Interest received</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">12</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">15</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Taxes (paid)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">5</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(73)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(93)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Net cash provided by operating activities</B></FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>532</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>561</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Cash flows from (used in) investing activities (including discontinued operations):</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-left: 8pt; text-indent: -8pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Acquisition of subsidiaries, joint ventures and associates, net of cash acquired</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">3</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(1,013)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(3)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 4pt; text-indent: -4pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Proceeds from disposal of subsidiaries and associates, net of cash disposed</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">4</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">110</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">177</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Purchase of intangible assets and licenses</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">9</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(144)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(144)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Purchase of property, plant and equipment</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">8</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(526)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(444)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Proceeds from sale of property, plant and equipment</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">8</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">21</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">134</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Dividends received from joint ventures</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">14</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">181</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">181</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Settlement of financial derivative instruments</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">13</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(63)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Cash (used in) provided by other investing activities, net</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">14</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">9</FONT>&#9;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; width: 68%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Net cash used in investing activities</B></FONT>&#9;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt; width: 12%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(1,357)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt; width: 12%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(154)</B></FONT>&#9;</TD></TR>
</TABLE>

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

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


<!-- Field: Page; Sequence: 42; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three and nine-month periods ended </FONT>September&nbsp;30, 2019</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P></TD><TD STYLE="width: 35%; font-size: 10pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #39B8D4"></P>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; width: 68%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Cash flows from (used in) financing activities (including discontinued operations):</B></FONT></TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right; width: 12%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Proceeds from debt and financing</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">10</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">2,106</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">405</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Repayment of debt and financing</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">10</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(1,005)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(535)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Dividends paid to non-controlling interests</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(12)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(1)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Dividends paid to owners of the Company</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(133)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(133)</FONT>&#9;</TD></TR>
<TR>
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Net cash provided by (used in) financing activities</B></FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>955</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(265)</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Exchange impact on cash and cash equivalents at the beginning of the period</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(16)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(10)</FONT>&#9;</TD></TR>
<TR>
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Net (decrease) increase in cash and cash equivalents</B></FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>114</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>131</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 4pt; text-indent: -4pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Cash and cash equivalents at the beginning of the period</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">528</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">619</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="padding-left: 4pt; text-indent: -4pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Effect of cash in disposal group held for sale</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">4</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(9)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">6</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Cash and cash equivalents at the end of the period</B></FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>633</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>758</B></FONT>&#9;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>(i)&nbsp;&nbsp;&nbsp;Re-presented
for discontinued operations (note 4). 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 Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

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

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

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


<!-- Field: Page; Sequence: 43; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three and nine-month periods ended </FONT>September&nbsp;30, 2019</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P></TD><TD STYLE="width: 35%; font-size: 10pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #39B8D4">&nbsp;</P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #39B8D4"><B>Unaudited interim condensed consolidated statements
of changes in equity for the periods ended September&nbsp;30, 2019 and September&nbsp;30, 2018</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 29%; border-top: gray 1pt solid; text-align: left"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>$&nbsp;millions</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: gray 1pt solid; text-align: center; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Number
    of shares (000&rsquo;s)</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: gray 1pt solid; text-align: center; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Number
    of shares held by the Group (000&rsquo;s)</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: gray 1pt solid; text-align: center; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Share
    capital&nbsp;&nbsp;(i)</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: gray 1pt solid; text-align: center; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Share
    premium</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: gray 1pt solid; text-align: center; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Treasury
    shares</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: gray 1pt solid; text-align: center; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Retained
    profits (i)</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: gray 1pt solid; text-align: center; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Other
    reserves</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: gray 1pt solid; text-align: center; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Total
    (i)</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: gray 1pt solid; text-align: center; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Non-<BR>controlling
    interests</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: gray 1pt solid; text-align: center; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Total
    equity</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Balance on December 31, 2017</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>101,739</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(1,195)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>153</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>484</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(106)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>3,035</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(470)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>3,096</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>185</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>3,282</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Adjustment on adoption of IFRS 15 and IFRS 9 (net of tax)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">10</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">10</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(4)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">6</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Total comprehensive income for the period</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">84</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(21)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">63</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">2</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">65</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Dividends (ii)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(266)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(266)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(266)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Dividends to non controlling interest</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(1)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(1)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Purchase of treasury shares</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(66)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(6)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(6)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(6)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Share based compensation</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">14</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">14</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">14</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Issuance of shares under share-based payment schemes</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">338</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(2)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">29</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(5)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(21)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">1</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">1</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Balance on September 30, 2018</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>101,739</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(922)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>153</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>483</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(81)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>2,859</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(498)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>2,916</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>182</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>3,097</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Balance on December 31, 2018</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>101,739</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(913)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>153</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>482</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(81)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>2,525</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(538)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>2,542</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>249</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>2,790</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Total comprehensive income for the period</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(70)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(47)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(117)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(22)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(139)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Dividends (iii)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(268)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(268)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(268)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Dividends to non controlling interest</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(1)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(1)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Purchase of treasury shares</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(120)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(11)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">3</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(7)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(7)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Share based compensation</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">22</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">22</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">1</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">23</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Issuance of shares under share-based payment schemes</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">437</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(2)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">39</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(12)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(24)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">1</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">1</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Balance on September 30, 2019</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>101,739</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(596)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>153</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>480</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(53)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>2,179</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(587)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>2,172</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>226</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>2,399</B></FONT>&#9;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #1F497D">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #1F497D"><I>(i)&nbsp;&nbsp;&nbsp;</I></FONT><I><FONT STYLE="color: #808285">Retained
profits &mdash; includes profit attributable to equity holders, of which at September&nbsp;30, 2019, $334 million (2018: $324 million)
are not distributable to equity holders.</FONT></I></P>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #1F497D"><I>(iii)&nbsp;&nbsp;</I></FONT><I><FONT STYLE="color: #808285">Dividends - A dividend distribution of $2.64 per share was approved by the Annual General
Meeting of shareholders on May 2, 2019. Half of this dividend has been paid during Q2 2019. The second half will be paid in November
2019.</FONT></I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"><I>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Effect of the acquisition of Cable Onda S.A. See note 3 for further details.</I></P>

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

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


<!-- Field: Page; Sequence: 44; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three and nine-month periods ended </FONT>September&nbsp;30, 2019</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P></TD><TD STYLE="width: 35%; font-size: 10pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660">&nbsp;</P>

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

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-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, and Pay-TV in Latin America
and Africa.</P>

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

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

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-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; as issued by the International
Accounting Standards Board and as adopted by the European Union. In the opinion of management, these unaudited interim condensed
consolidated financial statements reflect all adjustments that are necessary for a proper presentation of the results for interim
periods. Millicom&rsquo;s operations are not affected by significant seasonal or cyclical patterns.</P>

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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><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 Leases.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; color: #808285">On adoption,
on January 1, 2019, an additional lease liability of $536 million has been recognized. The application of the new standard decreased
operating expenses by $38 million and $107 million, respectively, as compared to what our results would have been if we had continued
to follow IAS 17 for the three and nine months ended September&nbsp;30, 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 Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; color: #808285">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></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="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><B>&#9702;</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-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="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-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="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify"><B>Amendments to the conceptual framework.</B> The IASB has revised its conceptual framework. 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.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify"><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.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify"><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.</TD></TR></TABLE>

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

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

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three and nine-month periods ended </FONT>September&nbsp;30, 2019</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P></TD><TD STYLE="width: 35%; font-size: 10pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify"><B>Amendments to IFRS 9, IAS 39 and IFRS 7 - Interest Rate Benchmark Reform.</B> The Group is currently
assessing the impact of these amendments on the consolidated financial statements. These amendments have not yet been endorsed
by the EU.</TD></TR></TABLE>

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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><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="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; 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
the leases recognized in the statement of financial position immediately before the date of initial application. The weighted average
incremental borrowing rate applied to the lease liabilities on January 1, 2019 was 12.6%. Each lease commitment was individually
discounted using a specific incremental borrowing rate, following a build-up approach including: risk-free rates, industry risk,
country risk, credit risk at cash generating unit level, currency risk and commitment&rsquo;s maturity.</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse; margin-left: 0.25in">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 87%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #17365D"><B>$&nbsp;millions</B></FONT></TD>
    <TD STYLE="width: 13%; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>2019</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #17365D"><B>Operating lease commitments disclosed as at December 31, 2018</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>801</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray">(Plus): Non lease components obligations</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">57</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray">(Less): Short term leases recognized on a straight line basis as an expense</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(3)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray">(Less): Low value leases recognized on a straight line basis as an expense</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(2)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-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>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(17)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray">(Plus/Less): Other</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(13)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #17365D"><B>Gross lease liabilities</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>823</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray">Discounted using the lessee's incremental borrowing rate at the date of the initial application</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(287)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #17365D"><B>Incremental lease liabilities recognized at January 1, 2019</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>536</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray">(Plus): Finance lease liabilities recognized at December 31, 2018</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">353</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #17365D"><B>Lease liabilities recognized at January 1, 2019</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>889</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray">Of which are:</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 0.25in"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray">Current lease liabilities</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">86</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; padding-left: 0.25in"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray">Non-current lease liabilities</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">803</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
</TABLE>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three and nine-month periods ended </FONT>September&nbsp;30, 2019</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P></TD><TD STYLE="width: 35%; font-size: 10pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; text-indent: 0in"><B>2.
SUMMARY OF CONSOLIDATION AND ACCOUNTING POLICIES (CONTINUED)</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; text-indent: 0in">The
application of IFRS 16 affected the following items in the statement of financial position on January 1, 2019:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 92%; border-collapse: collapse; margin-left: 0.5in">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: left"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>FINANCIAL POSITION<BR>
$&nbsp;millions</B></FONT></TD>
    <TD STYLE="width: 13%; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>As at January&nbsp;1, 2019 before application</B></FONT></TD>
    <TD STYLE="width: 13%; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Effect of&nbsp;&nbsp;adoption of IFRS 16</B></FONT></TD>
    <TD STYLE="width: 13%; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>As at January&nbsp;1, 2019 before application</B></FONT></TD>
    <TD STYLE="width: 11%; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Reason for the change</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray">Property, plant and equipment, net</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">3,041</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(306)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">2,736</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285"><I>(i)</I></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray">Right-of-use asset (non-current) NEW</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">846</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">846</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285"><I>(ii)</I></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray">Prepayments</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">129</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(6)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">123</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285"><I>(iii)</I></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>LIABILITIES</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray">Lease liabilities (non-current) NEW</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">803</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">803</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285"><I>(iv)</I></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray">Debt and other financing (non-current)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">4,123</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(337)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">3,786</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285"><I>(v)</I></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray">Lease liabilities (current) NEW</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">86</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">86</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285"><I>(iv)</I></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray">Debt and other financing (current)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">458</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(16)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">442</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285"><I>(v)</I></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray">Other current liabilities</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">494</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(2)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">492</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285"><I>(vi)</I></FONT>&#9;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><I>(i)</I></TD><TD><I>Transfer of previously capitalized assets under finance
leases to Right-of-Use assets.</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><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>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><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>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><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>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><I>(v)</I></TD><TD><I>Transfer of previously recognized finance lease liabilities
to new Lease liabilities accounts.</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="color: gray"><I>(vi)</I></FONT></TD><TD><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 Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; text-indent: 0in">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 no significant impact on the Group's retained profits.</P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">the use of a single discount rate to a portfolio of leases with reasonably
similar characteristics</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">reliance on previous assessments on whether leases are onerous</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">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="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">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="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">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="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><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="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-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>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three and nine-month periods ended </FONT>September&nbsp;30, 2019</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P></TD><TD STYLE="width: 35%; font-size: 10pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #000660"><B>2. SUMMARY
OF CONSOLIDATION AND ACCOUNTING POLICIES (CONTINUED)</B></P>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">fixed payments (including in-substance fixed payments), less any lease
incentives receivable</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">variable lease payment that are based on an index or a rate</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">amounts expected to be payable by the lessee under residual value guarantees</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">the exercise price of a purchase option if the lessee is reasonably
certain to exercise that option, and</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">payments of penalties for terminating the lease, if the lease term
reflects the lessee exercising that option.</FONT></TD></TR></TABLE>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">the amount of the initial measurement of lease liability</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">any lease payments made at or before the commencement date less any
lease incentives received</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">any initial direct costs, and</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">restoration costs.</FONT></TD></TR></TABLE>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-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 Arial, Helvetica, Sans-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 Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Non-lease components are capitalized (IFRS16.15)</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Intangible assets are out of IFRS 16 scope (IFRS16.4)</FONT></TD></TR></TABLE>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-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 and has
a significant impact on the lease liability recognized under IFRS 16.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-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>

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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three and nine-month periods ended </FONT>September&nbsp;30, 2019</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P></TD><TD STYLE="width: 35%; font-size: 10pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660"><B>3. ACQUISITION AND DISPOSAL OF SUBSIDIARIES,
JOINT VENTURES, ASSOCIATES AND OTHER NON-CONTROLLING INTERESTS</B></P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-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,
through Cable Onda owned by Millicom at 80% (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. While the consummation of the remaining Telefonica CAM Acquisition is subject to regulatory
approvals and the absence of legal impediments, we still expect to close the Costa Rica acquisition by the end of 2019.</P>

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

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">This transaction closed
on May 16, 2019 after receipt of the necessary approvals and, since that date, Millicom holds all voting rights into Telefonia
Celular de Nicaragua (&quot;Nicaragua&quot;) and controls it. On the same day, Millicom paid a preliminary cash consideration of
$437 million, provisionally adjusted to $435 million and still subject to final price adjustment expected in Q4 2019. For the purchase
accounting, Millicom determined the fair value of Nicaragua's identifiable assets and liabilities based on transaction and relative
values. The purchase accounting is still provisional at September&nbsp;30, 2019, particularly in respect of the evaluation of right-of-use
assets and lease liabilities. Management expects to finalize the purchase accounting during Q4 2019.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">The provisional purchase accounting as at September&nbsp;30,
2019 is as follows:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 80%; border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 20%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Provisional fair values (100%)<BR>
($ millions)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Intangible assets (excluding goodwill), net (i)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">131</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Property, plant and equipment, net (ii)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">149</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Right of use assets</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">84</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other non-current assets</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">2</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Current assets (excluding cash) (iii)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">23</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Trade receivables (iv)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">17</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Cash and cash equivalents</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">7</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Total assets acquired</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>412</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Lease liabilities</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">89</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other liabilities (v)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">113</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Total liabilities assumed</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>202</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Fair value of assets acquired and liabilities assumed, net</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>210</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Millicom&rsquo;s interest in the fair value of Nicaragua (100%)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">210</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Acquisition price</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">435</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Provisional Goodwill</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>225</B></FONT>&#9;</TD></TR>
</TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22pt"><I>(i)</I></TD><TD><I>Intangible assets not previously recognized at the date of acquisition, are mainly customer lists for an amount of $81 million,
with estimated useful lives ranging from 4 to 10 years. In addition, a fair value step-up of $39 million on the spectrum held by
Nicaragua has been recognized, with a remaining useful life of 14 years.</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22pt"><I>(ii)</I></TD><TD><I>A fair value step-up of $39 million has been recognized on property, plant and equipment, mainly on the core network and
owned land and buildings. The expected remaining useful lives were estimated at 6-7 years on average.</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22pt"><I>(iii)</I></TD><TD><I>Current assets include indemnification assets for tax contingencies at fair value for an amount of $11 million &ndash; see
(v) below.</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22pt"><I>(iv)</I></TD><TD><I>The fair value of trade receivables acquired was $17 million.</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22pt"><I>(v)</I></TD><TD><I>Other liabilities include the fair value of certain possible tax contingent liabilities for $1 million and a deferred tax
liability of $48 million resulting from the above adjustments</I></TD></TR></TABLE>

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

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

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three and nine-month periods ended </FONT>September&nbsp;30, 2019</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P></TD><TD STYLE="width: 35%; font-size: 10pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 14pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">The goodwill is currently
not expected to be tax deductible. For convenience purposes, the acquisition date was set on May 1, 2019 as there was no material
adjustments from this date to May 16, 2019. From May 1, 2019 to September&nbsp;30, 2019, Nicaragua contributed $37 million of revenue
and a net profit of $10 million to the Group. If Nicaragua had been acquired on January 1, 2019 incremental revenue for the nine-month
period ended September&nbsp;30, 2019 for the Group would have been $165 million and incremental net loss for that period would
have been $13 million, including amortization of assets not previously recognized of $8 million (net of tax). Acquisition related
costs included in the statement of income under operating expenses were approximately $5 million.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">This transaction closed
on August 29, 2019 after receipt of the necessary approvals and, since that date, Cable Onda, which is 80% owned by Millicom, holds
all voting rights in Telefonica Moviles Panama, S.A. (&quot;Panama&quot;) and controls it. On the same day, Cable Onda paid cash
consideration of $594 million for 100% of Panama, subject to a final price adjustment expected in Q1 2020. As at September&nbsp;30,
2019, the purchase accounting is still provisional and no value has been allocated yet to identifiable assets and liabilities.
As a result, the excess of the acquisition price over the company's net assets as of the acquisition date is currently shown under
goodwill for $467 million. The non-controlling interest is measured based on the fair value method (goodwill is also allocated
to non-controlling interest). In its annual financial statements, the Group will disclose the amounts and explanations of the adjustments
to the purchase accounting, including any material retrospective adjustments to the third quarter financial results. The goodwill
is currently not expected to be tax deductible. For convenience purposes, the acquisition date was set on September 1, 2019. From
September 1, 2019 to September&nbsp;30, 2019, Panama contributed $18 million of revenue and a net profit of $6 million to the Group.
If Panama had been acquired on January 1, 2019 incremental revenue for the nine-month period ended September&nbsp;30, 2019 for
the Group would have been $178 million and incremental net profit for that period would have been $21 million. Acquisition related
costs included in the statement of income under operating expenses were approximately $7 million.</P>

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

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

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">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 September&nbsp;30, 2019, particularly in respect of the valuation of certain tangible
assets and tax contingencies. Management will finalize the purchase accounting during Q4 2019. Refer to the Group audited consolidated
financial statements for the year ended December&nbsp;31, 2018 for further details.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">As a consequence of the
Telefonica Panama acquisition, on August 29, 2019 the shareholders agreed to amend the call and put options in respect of the remaining
20% non-controlling interest that were set as part of the acquisition of Cable Onda.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">First, the parties agreed
new unconditional call and put options to acquire the remaining 20% non-controlling interest in Cable Onda becoming exercisable
at any time from July 2022, both, at fair market value.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">Second, they also agreed
on 'Transaction Price' call and put options conditional to the occurrence of certain events, such as change of control of Millicom
or at any time if Millicom's non-controlling partners&rsquo; shareholdings fall below 10%, and becoming exercisable on the date
of the Telefonica Panama closing (August 29, 2019) and extending until July 2022. The put and call options are exercisable at the
purchase price in the Cable Onda transaction (enterprise value of $1.46 billion), plus interest at 5% per annum (put) and at 10%
per annum (call), respectively.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">Millicom determined that,
both the new unconditional put option and 'Transaction Price' put option could be exercised under events which are outside the
control of Millicom, and therefore meet the criteria under IAS 32 for recognition as a liability and a corresponding equity decrease
- same conclusion as for previous put option for which a liability had already been recognized at acquisition date in 2018. The
put option liability is now valued at the higher of fair market value and Transaction Price plus interest at 5% per annum and is
payable in Millicom's shares or in cash at the discretion of the partner.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">As of September&nbsp;30,
2019, the value of the 'Transaction Price' put option is lower than fair market value, and therefore the Group recognized the put
option liability at the higher of both valuations at $257 million (see note 6). Any further change in the value of the put option
liability will be recorded in the Group's statement of income. Both call options are currently out of the money and have therefore
no value as of September&nbsp;30, 2019.</P>

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


<!-- Field: Page; Sequence: 50; Value: 2 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three and nine-month periods ended </FONT>September&nbsp;30, 2019</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P></TD><TD STYLE="width: 35%; font-size: 10pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

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

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">On March 14, 2019, Millicom signed an agreement
for the sale of its entire operations in Chad to Maroc Telecom. The Group received the necessary regulatory approvals on June 5,
2019 and the transaction completed on June 26, 2019 (see note 4).</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660"><B>4. DISCONTINUED OPERATIONS AND ASSETS HELD
FOR SALE</B></P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">On June 26, 2019, the Group
completed the disposal of its operations in Chad. In accordance with Group practices, the Chad operation has been classified as
assets held for sale and discontinued operations as from June 5, 2019. On June 26, 2019, Chad was deconsolidated and a gain on
disposal of $78 million, net of costs of disposal of $4 million, was recognized. Foreign currency exchange losses accumulated in
equity of $8 million have also been recycled in the statement of income accordingly. The resulting net gain of $70 million has
been recognized under &lsquo;Profit (loss) for the period from discontinued operations, net of tax&rsquo;. The operating net loss
of the operation for the period from January 1, 2019 to June 26, 2019 was $5 million. The final sale consideration is still subject
to adjustment under the terms of the sale and purchase agreement. Management does not expect any material deviation from the initial
consideration.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">The assets and liabilities
deconsolidated on the date of the disposal were as follows:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 88%; border-top: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Assets and liabilities reclassified as held for sale &ndash; Chad ($ millions)</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>June&nbsp;26, 2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Intangible assets, net</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">18</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Property, plant and equipment, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">93</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other non-current assets</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">14</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Current assets</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">33</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Cash and cash equivalents</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">9</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Total assets of disposal group held for sale</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">167</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Non-current financial liabilities</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">8</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Current liabilities</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>131</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Total liabilities of disposal group held for sale</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">140</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Net assets held for sale at book value</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">28</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660">&nbsp;</P>

<!-- Field: Page; Sequence: 51; Value: 2 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three and nine-month periods ended </FONT>September&nbsp;30, 2019</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P></TD><TD STYLE="width: 35%; font-size: 10pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660">&nbsp;</P>

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

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">Financial information relating
to the discontinued operations for the three and nine-month periods ended September&nbsp;30, 2019 and September&nbsp;30, 2018 are
set out below. Figures shown below are after inter-company eliminations. 2018 statement of income figures include Rwanda (1 month),
Senegal (4 months) and Chad (9 months). 2019 figures include Chad only (6 months).</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%; border-top: gray 1pt solid; text-align: left"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Results from Discontinued Operations ($ millions)</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Nine months ended September 30, 2019</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Nine months ended September 30, 2018</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Three months ended September 30, 2019</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Three months ended September 30, 2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Revenue</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">50</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">160</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">29</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Cost of sales</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(14)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(46)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(7)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Operating expenses</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(29)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(70)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(13)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other expenses linked to the disposal of discontinued operations</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(8)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(7)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(4)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Depreciation and amortization</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(11)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(21)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(7)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other operating income (expenses), net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(10)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Gain/(loss) on disposal of discontinued operations</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">74</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(28)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Operating profit (loss)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>64</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>(23)</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>(4)</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>1</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Interest income (expense), net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(2)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(5)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other non-operating (expenses) income, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Profit (loss) before taxes</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">62</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(29)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(4)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">1</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Credit (charge) for taxes, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(2)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(4)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Net profit (loss) from discontinued operations</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>60</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>(32)</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>(4)</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>&mdash;</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%; border-top: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Cash Flows from Discontinued Operations ($ millions)</B></FONT></TD>
    <TD STYLE="width: 20%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Nine months ended September 30, 2019</B></FONT></TD>
    <TD STYLE="width: 20%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Nine months ended September 30, 2018</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Cash from (used in) operating activities, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(8)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">(33)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Cash from (used in) investing activities, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">5</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">3</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Cash from (used in) financing activities, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">7</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">9</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Net cash inflows/(outflows)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>5</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>(21)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 5pt; color: #808285"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><B><I>Tower
Sale and Leasebacks</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 5pt; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.25in; color: #808285">In 2017 and 2018, the Group
announced agreements to sell and leaseback wireless communications towers in Paraguay, Colombia and El Salvador. The table below
summarizes the main aspects of these deals and impacts on the Group financial statements:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Paraguay</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Colombia</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>El Salvador</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Agreement date</FONT>&#9;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">April&nbsp;26, 2017</FONT>&#9;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">July&nbsp;18, 2017</FONT>&#9;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">February&nbsp;6, 2018</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Total number of towers expected to be sold</FONT>&#9;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">1,411</FONT>&#9;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">1,207</FONT>&#9;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">811</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Total number of towers transferred to September 30, 2019</FONT>&#9;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">1,411</FONT>&#9;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">960</FONT>&#9;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">547</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 52%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Expected total cash proceeds ($ millions)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; width: 15%; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">127</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 15%; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">147</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 15%; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">145</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Cash proceeds received in 2017 ($ millions)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">75</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">86</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Cash proceeds received in 2018 ($ millions)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">41</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">26</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">74</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Cash proceeds received in 2019 ($ millions) - as of Sept 30</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">11</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">7</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">3</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Gain on sale recognized in 2017 ($ millions)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">26</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">37</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Gain on sale recognized in 2018 ($ millions)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">15</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">13</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">32</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Gain on sale recognized in 2019 ($ millions) - as of Sept 30</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">3</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">1</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660">&nbsp;</P>

<!-- Field: Page; Sequence: 52; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three and nine-month periods ended </FONT>September&nbsp;30, 2019</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P></TD><TD STYLE="width: 35%; font-size: 10pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660"><B>5. SEGMENT INFORMATION</B></P>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">Revenue, operating profit
(loss), EBITDA and other segment information for the periods ended September&nbsp;30, 2019 and September&nbsp;30, 2018, are as
follows:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 40%; border-top: gray 1pt solid; text-align: left"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Nine months ended September 30, 2019<BR>
($ millions)</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Latin America</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Africa</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Unallocated</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Guatemala and Honduras (vii)</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Eliminations and transfers</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Total</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Mobile revenue</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">2,398</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">277</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(1,104)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">1,571</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Cable and other fixed services revenue</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">1,637</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">7</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(206)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">1,438</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other revenue</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">37</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(4)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">33</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Service revenue (i)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">4,072</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">284</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(1,314)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">3,042</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Telephone and equipment revenue (i)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">315</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(170)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">145</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Total Revenue</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>4,387</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>284</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(1,484)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>3,186</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Operating profit (loss)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>753</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>17</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(47)</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(408)</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>137</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>452</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285"><I>Add back:</I></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Depreciation and amortization</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">1,051</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">72</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">6</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(331)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">798</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Share of profit in joint ventures in Guatemala and Honduras</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(137)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(137)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other operating income (expenses), net</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(9)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(2)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">9</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(6)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(7)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>EBITDA (ii)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>1,796</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>87</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(32)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(744)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>1,106</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">EBITDA from discontinued operations</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>EBITDA incl discontinued operations</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>1,796</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>87</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(32)</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(744)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>1,106</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Capital expenditure (iii)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(776)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(37)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(4)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">189</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(628)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Changes in working capital and others (iv)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(67)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">19</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(89)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(15)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(153)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Taxes paid</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(147)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(8)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(7)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">89</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(73)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: rgb(128,130,133) 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Operating free cash flow (v)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt; border-bottom: rgb(128,130,133) 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>805</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt; border-bottom: rgb(128,130,133) 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>61</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt; border-bottom: rgb(128,130,133) 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(132)</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt; border-bottom: rgb(128,130,133) 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(482)</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt; border-bottom: rgb(128,130,133) 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt; border-bottom: rgb(128,130,133) 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>252</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Total Assets (vi)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>13,740</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>953</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>3,606</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(5,668)</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>3,551</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>11,942</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Total Liabilities</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>8,119</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>904</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>4,239</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(2,090)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>627</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>9,543</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660"><B>&nbsp;</B></P>

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

<!-- Field: Page; Sequence: 53; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three and nine-month periods ended </FONT>September&nbsp;30, 2019</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P></TD><TD STYLE="width: 35%; font-size: 10pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660"><B>5. SEGMENT INFORMATION (Continued)</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 40%; border-top: gray 1pt solid; text-align: left"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Nine months ended September 30, 2018<BR>
($ millions)</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Latin America</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Africa</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Unallocated</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Guatemala and Honduras (vii)</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Eliminations and transfers</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Total</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Mobile revenue</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">2,411</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">288</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(1,103)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">1,596</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Cable and other fixed services revenue</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">1,361</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">7</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(186)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">1,182</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other revenue</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">35</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">1</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(3)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">32</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Service revenue (i)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">3,807</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">296</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(1,292)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">2,810</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Telephone and equipment revenue (i)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">297</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(142)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">155</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Total Revenue</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>4,104</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>296</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(1,434)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>2,966</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Operating profit (loss)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>747</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>20</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>11</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(355)</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>109</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>533</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285"><I>Add back:</I></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Depreciation and amortization</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">850</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">60</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">4</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(316)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">598</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Share of profit in joint ventures in Guatemala and Honduras</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(109)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(109)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other operating income (expenses), net</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(45)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(3)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(3)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(13)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(66)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>EBITDA (ii)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>1,553</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>77</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>10</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(684)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>&mdash;</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>956</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">EBITDA from discontinued operations</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">36</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">36</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>EBITDA incl discontinued operations</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>1,553</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>113</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>10</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(684)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>993</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Capital expenditure (iii)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(642)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(44)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(2)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">158</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(530)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Changes in working capital and others (iv)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(84)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">44</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(53)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(15)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(109)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Taxes paid</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(186)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(13)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(5)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">109</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(93)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Operating free cash flow (v)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>641</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>101</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(49)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(432)</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>260</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Total Assets (vi)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>10,291</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>1,064</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>40</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(5,226)</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>3,237</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>9,085</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Total Liabilities</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>5,579</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>915</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>1,266</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(1,887)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>435</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>5,987</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 40%; border-top: gray 1pt solid; text-align: left"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Three months ended September 30, 2019<BR>
($ millions)</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Latin America</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Africa (viii)</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Unallocated</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Guatemala and Honduras (vii)</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Eliminations and transfers</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Total</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Mobile revenue</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">819</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">96</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(364)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">551</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Cable and other fixed services revenue</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">553</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(70)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">485</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other revenue</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">12</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(1)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">10</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Service revenue (i)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">1,383</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">98</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(435)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">1,046</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Telephone and equipment revenue (i)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">117</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(65)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">51</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Total Revenue</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>1,500</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>98</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(501)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>1,097</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Operating profit (loss)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>270</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>17</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(19)</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(136)</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>46</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>178</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285"><I>Add back:</I></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Depreciation and amortization</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">356</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">23</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">2</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(111)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">271</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Share of profit in joint ventures in Guatemala and Honduras</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(46)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(46)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other operating income (expenses), net</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(6)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(1)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">9</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(1)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">1</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>EBITDA (ii)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>620</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>39</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(7)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(249)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>&mdash;</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>404</B></FONT>&#9;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">EBITDA from discontinued operations</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(4)</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(4)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>EBITDA incl discontinued operations</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>620</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>35</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(7)</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(249)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>399</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Capital expenditure (iii)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(228)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(9)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">53</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(186)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Changes in working capital and others (iv)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(5)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">4</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(23)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(15)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(40)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Taxes paid</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(51)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(2)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(1)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">30</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(24)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Operating free cash flow (v)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>335</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>27</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(31)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(180)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>150</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660">&nbsp;</P>

<!-- Field: Page; Sequence: 54; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three and nine-month periods ended </FONT>September&nbsp;30, 2019</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P></TD><TD STYLE="width: 35%; font-size: 10pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660"><B>5. SEGMENT INFORMATION (Continued)</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 40%; border-top: gray 1pt solid; text-align: left"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Three months ended September 30, 2018<BR>
($ millions)</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Latin America</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Africa (viii)</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Unallocated</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Guatemala and Honduras (vii)</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Eliminations and transfers</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Total</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Mobile revenue</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">800</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">100</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(365)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">534</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Cable and other fixed services revenue</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">457</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(65)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">394</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other revenue</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">12</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(1)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">11</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Service revenue (i)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">1,268</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">102</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(432)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">939</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Telephone and equipment revenue (i)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">99</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(48)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">51</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Total Revenue</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>1,368</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>102</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(480)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>990</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Operating profit (loss)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>279</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>10</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>2</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(127)</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>44</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>209</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285"><I>Add back:</I></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Depreciation and amortization</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">275</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">20</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">1</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(100)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">196</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Share of profit in joint ventures in Guatemala and Honduras</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(44)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(44)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other operating income (expenses), net</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(30)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(2)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(6)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(39)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>EBITDA (ii)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>525</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>30</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>2</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(234)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>323</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">EBITDA from discontinued operations</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">8</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">8</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>EBITDA incl discontinued operations</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>525</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>38</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>2</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(234)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>331</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Capital expenditure (iii)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(200)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(11)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(1)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">53</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(159)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Changes in working capital and others (iv)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(9)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">38</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(32)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(1)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(3)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Taxes paid</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(65)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(2)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(1)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">31</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(36)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Operating free cash flow (v)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>251</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>63</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(31)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(150)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>133</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 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>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 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.
For the three and nine-month periods ended September&nbsp;30, 2019, the application of IFRS 16 had a positive impact on EBITDA
as compared to what our results would have been if we had continued to follow the IAS 17 standard.</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(iii)</I></TD><TD><I>Excluding spectrum and licenses of $43 million (2018:
$54 million) and cash received on tower deals of $21 million (2018: $129 million).</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 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 (see note 3).</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 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>

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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(viii)</I></TD><TD><I>Restated as a result of classification of certain
of our African operations as discontinued operations (see notes 4 and 14).</I></TD>
</TR></TABLE>

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

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

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    <!-- Field: /Page -->

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660"><B>5. SEGMENT INFORMATION (Continued)</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285"><I>Revenue from contracts with customers from
continuing operations</I></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: gray 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-top: gray 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Nine months ended September 30, 2019</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: gray 1pt solid; border-right: Black 1pt solid; text-align: center; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Nine months ended September 30, 2018</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: gray 1pt solid; border-right: Black 1pt solid; text-align: center; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Three months ended September 30, 2019</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: gray 1pt solid; border-right: Black 1pt solid; text-align: center; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Three months ended September 30, 2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 15%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>$ millions</B></FONT></TD>
    <TD STYLE="width: 9%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Timing of revenue recognition</B></FONT></TD>
    <TD STYLE="width: 7%; border-left: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Latin America</B></FONT></TD>
    <TD STYLE="width: 6%; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Africa</B></FONT></TD>
    <TD STYLE="width: 6%; border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Total Group</B></FONT></TD>
    <TD STYLE="width: 7%; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Latin America</B></FONT></TD>
    <TD STYLE="width: 6%; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Africa</B></FONT></TD>
    <TD STYLE="width: 6%; border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Total Group</B></FONT></TD>
    <TD STYLE="width: 7%; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Latin America</B></FONT></TD>
    <TD STYLE="width: 6%; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Africa</B></FONT></TD>
    <TD STYLE="width: 6%; border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Total Group</B></FONT></TD>
    <TD STYLE="width: 7%; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Latin America</B></FONT></TD>
    <TD STYLE="width: 6%; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Africa</B></FONT></TD>
    <TD STYLE="width: 6%; border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Total Group</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Mobile</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Over time</FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">1,271</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">194</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">1,465</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">1,280</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">209</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">1,489</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">447</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">68</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">515</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">423</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">73</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">495</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Mobile Financial Services</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Point in time</FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">23</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">83</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">106</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">28</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">79</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">107</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">8</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">28</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">36</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">12</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">27</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">39</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Cable and other fixed services</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Over time</FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">1,432</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">7</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">1,438</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">1,176</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">7</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">1,183</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">483</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">2</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">485</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">392</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">2</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">394</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Over time</FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">33</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">33</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">32</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">1</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">33</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">10</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">10</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">11</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">11</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Service Revenue</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>2,758</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>284</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>3,041</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>2,515</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>296</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>2,811</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>948</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>98</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>1,046</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>837</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>102</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>939</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Telephone and equipment</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Point in time</FONT></TD>
    <TD STYLE="border-left: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">145</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">145</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">155</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">155</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">51</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">51</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">51</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">51</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Revenue from contracts with customers</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>2,903</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>284</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>3,186</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>2,671</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>296</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>2,966</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>999</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>98</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>1,097</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>888</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>102</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>990</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660"><B>6. OTHER NON-OPERATING (EXPENSES) INCOME,
NET</B></P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 52%; border-top: gray 1pt solid; text-align: left"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Nine months ended September 30, 2019</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Nine months ended September 30, 2018</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Three months ended September 30, 2019</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Three months ended September 30, 2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Change in fair value of derivatives</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(1)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Change in fair value in investment in Jumia (Note 15)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(32)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(89)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Change in value of put option liability (Note 3)</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(18)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(4)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Exchange gains (losses), net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(40)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">7</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(40)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(14)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other non-operating income (expenses), net</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">8</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">2</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">6</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Total</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(82)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>8</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(127)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(14)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

<!-- Field: Page; Sequence: 56; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three and nine-month periods ended </FONT>September&nbsp;30, 2019</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P></TD><TD STYLE="width: 35%; font-size: 10pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660"><B>7. EARNINGS PER COMMON SHARE</B></P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 52%; border-top: gray 1pt solid; text-align: left"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 12%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Nine months ended September 30, 2019</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 12%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Nine months ended September 30, 2018</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 12%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Three months ended September 30, 2019</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 12%; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Three months ended September 30, 2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: rgb(0,58,102)"><B>Basic and Diluted</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Net profit (loss) attributable to owners of the Company from continuing operations</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(130)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">117</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(126)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">68</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Net profit (loss) attributable to owners of the Company from discontinuing operations</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">60</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(32)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(4)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: rgb(0,58,102) 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Net profit attributable to owners of the Company used to determine the earnings per share</FONT>&#9;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(0,58,102) 1pt solid; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(70)</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(0,58,102) 1pt solid; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">84</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(0,58,102) 1pt solid; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(130)</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(0,58,102) 1pt solid; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">68</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-bottom: rgb(128,130,133) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(128,130,133) 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(128,130,133) 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(128,130,133) 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(128,130,133) 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>in thousands</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-bottom: #00245D 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Weighted average number of ordinary shares for basic and diluted earnings per share</FONT>&#9;</TD>
    <TD STYLE="border-bottom: #00245D 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">101,125</FONT></TD>
    <TD STYLE="border-bottom: #00245D 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">100,784</FONT></TD>
    <TD STYLE="border-bottom: #00245D 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">101,151</FONT></TD>
    <TD STYLE="border-bottom: #00245D 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">100,815</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-top: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>$</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Basic and diluted</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">EPS from continuing operations attributable to owners of the Company</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(1.28)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">1.18</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(1.24)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">0.68</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">EPS from discontinued operations attributable to owners of the Company</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">0.59</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(0.34)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(0.04)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">EPS for the period attributable to owners of the Company</FONT>&#9;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(0.69)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">0.84</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(1.29)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">0.68</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660"><B>8. PROPERTY, PLANT AND EQUIPMENT</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">During the nine-month period
ended September&nbsp;30, 2019, Millicom added property, plant and equipment for $459 million (September&nbsp;30, 2018: $449 million)
and received $21 million in cash from disposal of property, plant and equipment (September&nbsp;30, 2018: $134 million).</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660"><B>9. INTANGIBLE ASSETS</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">During the nine-month period
ended September&nbsp;30, 2019, Millicom added intangible assets of $127 million (September&nbsp;30, 2018: $116 million) and did
not receive any proceeds from disposal of intangible assets (September&nbsp;30, 2018: nil).</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">On May 20, 2019 the Group
renew ed 10MHz of the 1900 MHz spectrum in Colombia for a period of 10 years for an amount of $47 million (payable in five installments
from June 2019 to February 2023) and an obligation to build 45 sites during the 20-month period following the renewal (~$20 million
cost, that will be capitalized once the sites are built).</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">On July 9, 2019, the Tanzania
Communications Regulatory Authority ('TCRA') issued a notice to cancel the license of Telesis, a subsidiary of Millicom in Tanzania
that shared its 4G spectrum with Tigo and Zantel operations in the country. The net carrying value of the Telesis' license amounting
to $8 million has therefore been impaired during Q3 2019. As a consequence and in order to continue providing 4G services in the
country, our operation in Tanzania had to purchase spectrum in the 800MHz band from the TCRA for a period of 15 years and for an
amount of $12 million, payable in Q4 2019.</P>

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


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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660"><B>10. DEBT AND FINANCING</B></P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-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 and gradually reduced to $570 million by September 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'. As of September&nbsp;30, 2019, no amounts are drawn under this facility.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">On March 25, 2019, MIC S.A.
issued $750 million of 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. The net proceeds of the Notes were used 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 had been deposited into a segregated
escrow account, in the name of Millicom. As of September&nbsp;30, 2019, and following the completion of Nicaragua acquisition,
the remaining amount has been released to cash.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">On April 3, 2019, the Group
obtained 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 paid a cash payment of $1 million (equal to $2.50 per $1,000 principal amount of Notes
to holders of the Notes).</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">On April 24, 2019, MIC S.A.
signed a $300 million Term Facility Agreement with DNB and Nordea (the &ldquo;Facility&rdquo;). The Facility bears interest at
maximum LIBOR + 3% p.a., payable semi-annually in arrears. The net proceeds of the Facility were used, among others, to finance
the Telefonica CAM Acquisitions (see note 3).</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">On May 15, 2019, MIC S.A.
issued a SEK 2 billion ( approximately $203 million with the closing rate as of September 2019) senior unsecured sustainability
bond under its inaugural Sustainability Bond Framework. The senior unsecured bond due 2024 carries a floating coupon priced at
3m Stibor+235bps (see also note 13). It has been listed and commenced trading on the Nasdaq Stockholm sustainable bond list on
June 12, 2019. Millicom will use the net proceeds of the bond in accordance with the Sustainability Bond Framework which includes
both environmental and social investments such as in energy efficiencies, and the expansion of its fixed and mobile networks.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">In January 2019, Telecel
obtained a seven-year loan from BBVA Bank for PYG 177,000 million (approximately $20 million), denominated in Paraguayan guaranis
(&ldquo;PYG&rdquo;) which bears a fixed annual interest rate of 8.94%.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">In April 2019, Telecel early
redeemed its $300 million 6.75% Senior Notes due 2022 (the &ldquo;Telecel 2022 Notes&rdquo;). As a result, Telecel made cash payments
of $307 million including early redemption premium of $7 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.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">In April 2019, Telecel issued
$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 were used to finance the purchase of the Telecel 2022 Notes (see above).</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">In June 2019, the global
bond program for bonds up to PYG 300 billion (approximately $47 million with the closing rate as of September 2019) was registered
to be issued in different series from 1 year to 10 years. On June 5, 2019, 3 initial series for up to PYG 230 billion (approximately
$36 million) were registered and issued as follows: (i) PYG 115 billion ( approximately $24 million) , at 8.75%, due June 3, 2024,
(ii) PYG 50 billion (approximately $ 8 million), at 9.25%, due May 29, 2026 and (iii) PYG 65 billion (approximately $ 10 million),
at 10%, due May 31, 2029.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">In September 2019, Telecel
entered into an amended and restated agreement with Banco Continental S.A.E.C.A., to consolidate three existing loans, for a PYG
370,000 million (approximately $60.5 million), which bears an annual interest of 9% paid on a quarterly basis and has a maturity
of 7 years.</P>

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


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    <!-- Field: /Page -->

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

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

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">On June 4, 2019, MIC Tanzania
Public Limited Company (&quot;MIC Tanzania&quot;) entered into a loan facility agreement with the Standard Bank of South Africa
acting as an agent and a consortium of banks acting as the original lenders, for $174.75 million (tranche A) and TZS103,000 million
(tranche B - approximately $45 million) which bears the following interests: for Tranche A Libor plus Margin and for Trance B T-Bill
rate plus Margin. Margin is set on 4.25% per annum. The facility agreement has security over the assets of MIC Tanzania and pledge
over the shares that MIC Tanzania will hold in Zantel once transaction gets regulatory approvals. The maturity of the facility
is 66 months and is available to be drawn until the end of 2019. Amounts drawn under this facility agreement will be used by MIC
Tanzania (i) to pay an amount of $25 million towards an intercompany loan, (ii) to repay the installment of the existing Zantel
Facility falling due in October 2019 amounting to $25 million, (iii) to provide intercompany loans to or the making of equity injections
into any member of the Group, (iv) for general corporate purposes including capital expenditure and license fee payments.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">On August 27, 2019, Cable
Onda S.A entered into two credit agreements, one with Banco Nacional de Panama S.A , for $75 million which bears 3.75% interest
rate and has a 5 year duration and another one with the Bank of Nova Scotia (Sucursal Panama) for $75 million with an interest
of 3.45% and a five year duration to finance and refinance working capital and capital expenditures. In addition, on August 27,
2019, Cable Onda S.A entered into an intercompany Bridge Loan Agreement with MIC S.A. for an amount of $420 million with a maturity
date November 12,2019 and interest rate of 4%., used for the acquisition of Telefonica Panama (see note 3).</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">On July 3, 2019 Telefonica
Cellular de Bolivia S.A. issued two bonds one for BOB 420 million (approximately $61 million) with a 5% coupon maturing on August
2024 and another one for BOB 280 million (approximately $40 million) with a 4.6% coupon maturing on August 2026. Interest payments
is semiannual and both bonds are listed on the Bolivia Stock Exchange.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">On September 19, 2019, Telef&oacute;nica
Celular, S.A. de C.V. entered into a new credit agreement with Banco Industrial S.A. and Banco Pais S.A for an amount up to $185
million, in tranches of $100 million, $60 million and $25 million. The Loan Agreement has a 10-year maturity and an interest rate
of LIBOR plus 3.80% per annum, subject to a floor of minimum 5.25%. The new credit agreement will be used to consolidate the portion
of a syndicated $250 million facility with Scotiabank dated March 27, 2015, and $90 million credit agreement with Banco Industrial
S.A. dated March 20, 2018.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">On September 19, 2019, Navega
S.A. de C.V., entered into new facility agreement with Banco Industrial S.A. for an amount of $20 million and a duration of 10
year. The new agreement bears an annual interest of LIBOR plus 3.80% , subject to a floor of 5.25%. and will be used to refinance
the portion corresponding to it as borrower under the $250 million facility with Scotiabank dated March 27, 2015.</P>

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border-top: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>As at September 30, 2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>December 31, 2018</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Due within:</FONT>&#9;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 66%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">One year</FONT>&#9;</TD>
    <TD STYLE="width: 16%; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">256</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">458</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">One-two years</FONT>&#9;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">153</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">338</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Two-three years</FONT>&#9;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">255</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">403</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Three-four years</FONT>&#9;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">489</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">570</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Four-five years</FONT>&#9;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">931</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">468</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">After five years</FONT>&#9;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">3,301</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">2,345</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Total debt and financing</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>5,385</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>4,580</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>(i) As at December&nbsp;31,
2018, Debt and financing included finance lease liabilities of $353 million. As at September&nbsp;30, 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 Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

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

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    <!-- Field: /Page -->

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">As at September&nbsp;30,
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 $554 million (December&nbsp;31, 2018: $626 million). Assets pledged by the Group for these debts
and financings amounted to $2 million at September&nbsp;30, 2019 (December&nbsp;31, 2018: $2 million).</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-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 September&nbsp;30,
2019 and December&nbsp;31, 2018.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Bank and financing guarantees (i)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 7pt; text-indent: -7pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>As at September 30, 2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>As at December 31, 2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="padding-left: 7pt; text-indent: -7pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B><U>Terms</U></B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Outstanding<BR>
exposure</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Theoretical maximum exposure</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Outstanding exposure</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Theoretical maximum exposure</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 40%; padding-left: 7pt; text-indent: -7pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">0-1&nbsp;year</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; width: 15%; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">51</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 15%; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">51</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 15%; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">133</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 15%; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">133</FONT></TD>
    </TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; padding-left: 7pt; text-indent: -7pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">1-3&nbsp;years</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">153</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">153</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">281</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">281</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 7pt; text-indent: -7pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">3-5&nbsp;years</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">351</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">351</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">212</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">212</FONT></TD>
    </TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; padding-left: 7pt; text-indent: -7pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">More than 5&nbsp;years</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; padding-left: 7pt; text-indent: -7pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Total</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>554</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>554</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>626</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>626</B></FONT></TD>
    </TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>(i) If non-payment by
the obligor, the guarantee ensures payment of outstanding amounts by the Group's guarantor.</I></P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>$ millions</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; vertical-align: top; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Nine months ended September 30, 2019</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; vertical-align: top; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Nine months ended September 30, 2018</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; vertical-align: top; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Three months ended September 30, 2019</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; vertical-align: top; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Three months ended September 30, 2018</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; width: 44%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Interest expense on bonds and bank financing</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; width: 14%; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(253)</FONT></TD>
    <TD STYLE="vertical-align: top; width: 14%; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(163)</FONT></TD>
    <TD STYLE="vertical-align: top; width: 14%; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(85)</FONT></TD>
    <TD STYLE="vertical-align: top; width: 14%; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(54)</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Interest expense on leases</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(113)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(70)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(39)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(26)</FONT></TD>
    </TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Loan redemption charges</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(10)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(4)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(4)</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(30)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(32)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(12)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(13)</FONT></TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>Total</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #1F497D"><B>(407)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #1F497D"><B>(269)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #1F497D"><B>(135)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #1F497D"><B>(97)</B></FONT></TD>
    </TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<!-- Field: Page; Sequence: 60; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three and nine-month periods ended </FONT>September&nbsp;30, 2019</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P></TD><TD STYLE="width: 35%; font-size: 10pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660"><B>11. COMMITMENTS AND CONTINGENCIES</B></P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-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 September&nbsp;30, 2019, the total amount of claims and litigation risks against Millicom and its operations
was $350 million, of which $4 million related to its share in joint ventures (December&nbsp;31, 2018: $687 million, of which $5
million related to its share in joint ventures). Decrease is mainly due to reassessment of risks in Colombia from possible to remote.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">As at September&nbsp;30,
2019, $27 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 $3 million (December&nbsp;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 Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">Between 2017 and 2019, the CICIG and Guatemalan
prosecutors have pursued investigations that have included the country&rsquo;s telecommunications sector and Comcel, our Guatemalan
joint venture.&nbsp; On September 3, 2019, the CICIG&rsquo;s activities in Guatemala were discontinued, after the Guatemalan government
did not renew the CICIG&rsquo;s mandate, and it is unclear whether the investigations will continue. As at September&nbsp;30, 2019,
Management is not 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 September&nbsp;30, 2019.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">At September&nbsp;30, 2019,
the Group estimates potential tax claims amounting to $337 million. Tax risks amounting to $47 million have been assessed as probable
and recorded as tax liabilities (December&nbsp;31, 2018: claims amounting to $254 million and tax liabilities of $47 million).
Out of these potential claims and tax liabilities, respectively $44 million and $3 million relate to Millicom&rsquo;s share in
joint ventures (December&nbsp;31, 2018: claims amounting to $29 million and tax liabilities of $2 million).</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">At September&nbsp;30, 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 $222 million of which $215 million are due within one year (December&nbsp;31, 2018: $154
million of which $126 million are due within one year). Out of these commitments, respectively $67 million and $66 million related
to Millicom&rsquo;s share in joint ventures (December&nbsp;31, 2018: $66 million and $56 million).</P>

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


<!-- Field: Page; Sequence: 61; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three and nine-month periods ended </FONT>September&nbsp;30, 2019</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P></TD><TD STYLE="width: 35%; font-size: 10pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660"><B>12. RELATED PARTY TRANSACTIONS</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">During the quarter, Millicom's founder and largest
shareholder, Kinnevik, announced plans to distribute its 37.2% ownership stake in Millicom to their own shareholders later this
year.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">The following transactions were conducted with
related parties during the three and nine-month periods ended September&nbsp;30, 2019 and September&nbsp;30, 2018:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; vertical-align: top; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Nine months ended September 30, 2019</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; vertical-align: top; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Nine months ended September 30, 2018</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; vertical-align: top; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Three months ended September 30, 2019</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; vertical-align: top; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Three months ended September 30, 2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Expenses</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 52%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Purchases of goods and services from Miffin</FONT>&#9;</TD>
    <TD STYLE="width: 12%; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(156)</FONT></TD>
    <TD STYLE="width: 12%; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(127)</FONT></TD>
    <TD STYLE="width: 12%; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(63)</FONT></TD>
    <TD STYLE="width: 12%; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(49)</FONT></TD>
    </TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Purchases of goods and services from EPM</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(28)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(31)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(8)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(10)</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Lease of towers and related services from HTA</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(20)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(21)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(7)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(7)</FONT></TD>
    </TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other expenses</FONT>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(4)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(2)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(1)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Total</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(208)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(181)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(79)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>(66)</B></FONT></TD>
    </TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; vertical-align: top; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Nine months ended September 30, 2019</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; vertical-align: top; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Nine months ended September 30, 2018</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; vertical-align: top; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Three months ended September 30, 2019</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; vertical-align: top; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Three months ended September 30, 2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Income / gains</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 52%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Sale of goods and services to Miffin</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; width: 12%; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">222</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">205</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">75</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">66</FONT></TD>
    </TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Sale of goods and services to EPM</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">10</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">13</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">4</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">5</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other income / gains</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">1</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT></TD>
    </TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Total</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>233</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>218</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>78</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>70</B></FONT></TD>
    </TR>
</TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">As at September&nbsp;30,
2019 and December&nbsp;31, 2018, the Group had the following balances with related parties:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; vertical-align: top; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>As at September 30, 2019</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; vertical-align: top; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>As at December 31, 2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Liabilities</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; width: 70%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Payables to Guatemala joint venture (i)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; width: 15%; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">476</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 15%; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">315</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Payables to Honduras joint venture (i)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">127</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">143</FONT></TD>
    </TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Payables to EPM</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">14</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Payables to HTA</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">13</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT></TD>
    </TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Payables to Panama non-controlling interests</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">3</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other accounts payable</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">1</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">9</FONT></TD>
    </TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Sub-total</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>623</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>483</B></FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Lease liabilities to HTA (ii)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">190</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">99</FONT></TD>
    </TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Total</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>813</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>581</B></FONT></TD>
    </TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><I>(i)</I></TD><TD><I>Amount payable mainly consist of dividend advances
for which dividends are expected to be declared in the near future and/or shareholder loans.</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><I>(ii)</I></TD><TD><I>Disclosed under &ldquo;Lease liabilities&rdquo; in
the statement of financial position.</I></TD>
</TR></TABLE>

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

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

<!-- Field: Page; Sequence: 62; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three and nine-month periods ended </FONT>September&nbsp;30, 2019</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P></TD><TD STYLE="width: 35%; font-size: 10pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; vertical-align: top; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>As at September 30, 2019</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; vertical-align: top; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>As at December 31, 2018</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Assets</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 70%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Receivables from Guatemala and Honduras joint ventures</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; width: 15%; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">18</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 15%; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">20</FONT></TD>
    </TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Receivables from EPM</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">3</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">5</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Advance payments to Helios Towers Tanzania</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">8</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">6</FONT></TD>
    </TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Receivable from AirtelTigo Ghana (i)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">41</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">41</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Other accounts receivable</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">1</FONT></TD>
    </TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Total</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>69</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>73</B></FONT></TD>
    </TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="color: #1F497D">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="color: #1F497D"><I>(i)&nbsp;&nbsp;&nbsp;</I></FONT><I><FONT STYLE="color: #808285">Disclosed
under &lsquo;Other non-current assets&rsquo; in the statement of financial position.</FONT></I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660"><B>13. FINANCIAL INSTRUMENTS</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-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 September&nbsp;30,
2019 and December&nbsp;31, 2018:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Carrying Value</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Fair Value (i)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #F2F2F2">
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>As at September 30, 2019</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>December 31, 2018 (ii)</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>As at September 30, 2019</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; text-align: center; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>December 31, 2018 (ii)</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Financial liabilities</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; width: 48%; border-bottom: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Debt and financing</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; width: 13%; border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">5,385</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 13%; border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">4,580</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 13%; border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">5,335</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 13%; border-bottom: gray 1pt solid; text-align: right; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">4,418</FONT></TD>
    </TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    </TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285"><I>(i)&nbsp;&nbsp;&nbsp;Fair
values are measured with reference to Level 1 (for listed bonds) or 2.</I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>(ii)&nbsp;&nbsp;As
at December&nbsp;31, 2018, Debt and financing included carrying value of finance lease liabilities of $353 million. As at September&nbsp;30,
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 Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>Currency and interest
rate swap contracts</I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">MIC S.A. entered into swap
contracts in order to hedge the foreign currency and interest rate risks in relation to the SEK 2 billion (~$208 million) senior
unsecured sustainability bond issued in May 2019 (see note 10). These swaps are accounted for as cash flow hedges as the timing
and amounts of the cash flows under the swap agreements match the cash flows under the SEK bond. Their maturity date is May 2024.
The hedging relationship is highly effective and related fluctuations are recorded through other comprehensive income. At September&nbsp;30,
2019, the fair values of the swaps amount to a liability of $13 million.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">Our operations in El Salvador
and Costa Rica also entered into several swap agreements in order to hedge foreign currency and interest rate risks on certain
long term debts. These swaps are accounted for as cash flow hedges and related fair value changes are recorded through other comprehensive
income. At September&nbsp;30, 2019, the fair values of these swaps amount to liabilities of $14 million.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">Interest rate and currency
swaps are measured with reference to Level 2 of the fair value hierarchy</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">There are no other derivative financial instruments
with a significant fair value at September&nbsp;30, 2019.</P>

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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three and nine-month periods ended </FONT>September&nbsp;30, 2019</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P></TD><TD STYLE="width: 35%; font-size: 10pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660"><B>14. INVESTMENTS IN JOINT VENTURES</B></P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">At September&nbsp;30, 2019, the equity accounted
net assets of our joint ventures in Guatemala, Honduras and Ghana totaled $3,578 million (December&nbsp;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, $142 million (December&nbsp;31, 2018: $133 million) represent statutory reserves that are unavailable to be
distributed to the Group. During the period ended September&nbsp;30, 2019, Millicom&rsquo;s joint ventures paid $181 million (September&nbsp;30,
2018: $181 million) as dividends or dividend advances to the Company.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; border-top: gray 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD COLSPAN="6" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Guatemala</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Honduras</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Ghana (i)</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; width: 53%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Opening Balance at January 1, 2019</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; width: 14%; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>2,105</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 15%; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>731</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 15%; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>32</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Results for the period</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">118</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">19</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(39)</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282"></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Dividends declared during the year</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(37)</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282"></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Currency exchange differences</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(1)</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282"></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">(12)</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282"></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #828282">8</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>Closing Balance at September 30, 2019</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>2,222</B></FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>701</B></FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>&nbsp;</I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660"><B>15. EQUITY INVESTMENT</B></P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">In January 2019, Millicom
was 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 Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">Subsequently, during Q1
2019, in preparation of Jumia's 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. On April 11, 2019, Jumia completed its IPO at the offer
price per share of $14.5 and shares started trading on the NYSE on April 12, 2019.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">As a result, as of March
31, 2019, a net gain of $30 million had been recognized and reported under &lsquo;Income (loss) from associates, net&rsquo;. Post
IPO, Millicom holds 6.31% of the outstanding 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 Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">At September&nbsp;30, 2019,
the closing price of a Jumia share was $7.93, which values Millicom's investment at $38 million (level 1). The changes in fair
value of $(89) million and $(32) million for the three and nine-month periods ended September&nbsp;30, 2019 are shown under 'Other
non-operating (expenses) income, net' (see note 6).</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660"><B>16. IPO &ndash; MILLICOM&rsquo;S OPERATIONS
IN TANZANIA</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-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. Late June 2019,
the Group filed the draft prospectus with the Tanzania Capital Market and Securities Authority with the view to initiate the listing
process in late 2019.</P>

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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three and nine-month periods ended </FONT>September&nbsp;30, 2019</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 27pt; color: white">&nbsp;</P></TD><TD STYLE="width: 35%; font-size: 10pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000660"><B>17. SUBSEQUENT EVENTS</B></P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">On October 15, 2019, Helios
Towers plc (or &quot;HT&quot;, a company inserted as the holding company of HTA just prior to IPO) completed its IPO on the London
Stock Exchange at a price of GBP 1.15 per share valuing the company at enterprise value of approximately $2.0 billion and a market
capitalization of $1.45 billion. As part of the listing process, Millicom sold a portion of its ownership of $30 million (or approximately
$25 million net proceeds if overallotment option is exercised within 30 days of listing). Post-IPO, Millicom holds a 17.1% stake
(or 16.2% if overallotment option is exercised).</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">At the time of listing the
shares, Millicom has resigned from its current board of directors seats, which resulted in the loss of the Group's significant
influence over HT and in turn HTA. As a result, in Q4, Millicom will derecognize its investment in associate in HT and recognize
it as a financial asset (equity investment) at fair value under IFRS 9.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">On October 18, 2019, the
Group announced that Cable Onda has mandated Goldman Sachs &amp; Co. LLC and J.P. Morgan as Global Coordinators, and BNP Paribas,
Morgan Stanley and Scotiabank as Joint Bookrunners for a potential benchmark senior unsecured 144A/RegS USD bond transaction, subject
to market conditions.</P>

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

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

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>MILLICOM
                    INTERNATIONAL CELLULAR S.A.</B></FONT></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: left"><FONT STYLE="font-size: 10pt">(Registrant)</FONT></P></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></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>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 6%"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="width: 25%"><FONT STYLE="font-size: 10pt">Salvador Escalon</FONT></TD>
    <TD STYLE="width: 10%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Executive Vice President, General Counsel</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">Date:
October 24, 2019</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



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

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