<SEC-DOCUMENT>0000950103-20-003369.txt : 20200226
<SEC-HEADER>0000950103-20-003369.hdr.sgml : 20200226
<ACCEPTANCE-DATETIME>20200226132626
ACCESSION NUMBER:		0000950103-20-003369
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20200226
FILED AS OF DATE:		20200226
DATE AS OF CHANGE:		20200226

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:		20654638

	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>dp121991_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

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

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

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

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

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

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of February, 2020.</P>

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

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>MILLICOM INTERNATIONAL CELLULAR S.A.</B></P>

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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



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

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

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

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

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

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

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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD>Press release dated February 25, 2020</TD></TR></TABLE>

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


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

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

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<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR>
</TABLE>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">Luxembourg, February&nbsp;25, 2020</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>A transformational year</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 Q4 2019<SUP>i</SUP></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"><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 17.3% 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 increased 20.7% on lower operating expenses and acquisitions.</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 income of $223 million largely due to non-cash fair value adjustments and higher 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>Earnings per share of $2.20 in Q4 and $1.48 for the full year 2019.</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>Shareholder remuneration pivots to share buybacks: targeting repurchases of at least $500 million over the next three years,
and a dividend of $1.00 per share to be proposed at the AGM.</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="padding-right: 2pt; width: 34%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Financial highlights ($ millions)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: top; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,150</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">980</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">17.3%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,336</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,946</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9.9%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: top; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Operating Profit</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">129</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">107</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">20.7%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">575</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">640</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(10.1)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Net Income</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">223</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(94)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">149</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(10)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><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; color: #000640">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Latin America segment highlights &ndash; Q4
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"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><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 </I></FONT>21 <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>for
a description of these measures and for reconciliations to the nearest equivalent IFRS measures.</I></FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Service revenue up 14.2% year-on-year fueled by acquisitions - organic growth of 2.3% and 2.2% for the full year.</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 23.5% on IFRS 16 adoption and acquisitions - organic growth of 2.0% and 2.1% for the full year.</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>Capex for the year increased 5.1% year-on-year to $1.0 billion, in line with our 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"><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 10.6% organically in Q4 and 8.3% for the year.</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 63,000 HFC customer relationships in Q4 and 351,000 during the year to reach 3.5 million at year-end.</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 1.9 million 4G smartphone data customers during Q4 and 4.9 million during the year to reach 15.4 million at
year-end.</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>Very strong mobile customer intake, with 1.1 million net additions, including 109,000 in postpaid.</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="padding-right: 2pt; vertical-align: bottom; width: 40%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Latam segment highlights ($ millions)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; width: 10%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; width: 10%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; width: 10%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; width: 10%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; width: 10%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; width: 10%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: top; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,577</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,381</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">14.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,964</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,485</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8.7%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: top; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service Revenue*</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,442</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,263</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">14.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,514</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,069</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8.8%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-right: 2pt; vertical-align: top; padding-left: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth*</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>2.3%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>3.7%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>(1.4) pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>2.2%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>4.3%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>(2.1) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: top; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA*</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">648</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">524</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">23.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">2,443</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">2,077</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">17.6%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-right: 2pt; vertical-align: top; padding-left: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth*</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>2.0%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>4.0%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>(2.0) pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>2.1%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>3.5%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>(1.4) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: top; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA Margin*</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">41.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">38.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>3.1 pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">41.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">37.9%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>3.1 pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: top; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Capex*</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">363</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">346</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">4.7%</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">1,002</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">954</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.1%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: top; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">OCF (EBITDA &ndash; Capex)*</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">285</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">178</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">60.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">1,442</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">1,124</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">28.3%</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 2pt; vertical-align: top; padding-left: 0.25in"><FONT STYLE="color: rgb(0,6,64)"><I>Organic
    growth*</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>10.6%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>11.2%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>(0.6) pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>8.3%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>3.2%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>5.1 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 21 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">&nbsp;</P>

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

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: rgb(127,127,127)"><SUP>i</SUP></FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: rgb(127,127,127)">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.</FONT></TD>
</TR></TABLE>

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


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    <TD STYLE="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR>
</TABLE>
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<P STYLE="font: 12pt 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>Millicom Chief Executive Officer Mauricio
Ramos commented:</B></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; text-align: justify; color: #7F7F7F">&quot;2019 was a truly transformational
year for Millicom. We began by listing on the Nasdaq Stock Market in the U.S. and by focusing our efforts on the successful integration
of Cable Onda in Panama, which we acquired in December 2018. In February, we announced our agreement to acquire market-leading
mobile assets in Nicaragua, Panama, and Costa Rica, thus completing our product portfolio and enabling us to provide fixed-mobile
convergent services in all nine of the countries where we operate in Latam. Toward year-end, we took part in important spectrum
auctions in El Salvador and Colombia, which will allow us to continue to grow and provide the high-quality service that our customers
expect.</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">These meaningful investments
in Latam were funded in part by re-allocating capital from Africa, as we divested Chad and supported the IPOs of Jumia and Helios
Towers. We capped the year by welcoming many new shareholders to Tigo, after the company's long-term major shareholder, Kinnevik,
decided to distribute its 37% stake in Millicom to its own shareholders.</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">2019 was more challenging
than we had anticipated due to political disruption and competitive pressure in some markets, but I believe that we are now stronger
than ever to capture the opportunities that lie ahead in 2020 and beyond. Finally, we have pivoted our shareholder remuneration
to a combination of dividends and share buybacks, which we believe demonstrates capital allocation discipline and our continued
focus on creating shareholder value.&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>Medium term outlook</B></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; text-align: justify; color: #7F7F7F">Although many of the macroeconomic
and competitive challenges we faced in 2019 may continue to impact our performance in the near term, we continue to invest to capture
the long term growth opportunity before us. In 2020, we expect to make meaningful progress toward our medium term goal to deliver
mid-single-digit organic service revenue growth, mid-to-high single-digit organic EBITDA growth, and around 10% OCF (EBITDA less
Capex) organic growth for the Latam segment.</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>Pivot in shareholder remuneration</B></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; text-align: justify; color: #7F7F7F">We are pivoting our shareholder
remuneration towards share buybacks and are targeting repurchases of at least $500 million over the next three years. A dividend
of $1.00 per share, to be paid in equal installments in May and November 2020, will be proposed at the next AGM.</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>Subsequent Events</B></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; text-align: justify; color: #7F7F7F">On January 28, 2020, Millicom&rsquo;s
wholly-owned subsidiary Telef&oacute;nica Celular del Paraguay S.A.E (&quot;Telecel&quot;), closed a $250 million re-tap to its
senior unsecured notes due 2027, representing an additional issuance of Telecel's outstanding $300 million 5.875% Senior Notes
due 2027 issued on April 5, 2019. The New Notes&nbsp;will be treated as a single class with the Initial Notes, and they were priced
at 106.375 for an implied yield to maturity of 4.817%.</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>IFRS 16 - Leases</B></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; 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">$545 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;&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 twelve and three month periods ended December&nbsp;31, 2019:</P>

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


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<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #7F7F7F"></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #7F7F7F"><B>EBITDA</B></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="padding-right: 2pt; width: 47%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 26%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 27%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #000640">
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><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="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>$ millions</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>$ millions</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Latin America segment</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">47</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">171</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Africa segment</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">9</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">34</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Group (IFRS)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">42</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">149</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #7F7F7F">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #7F7F7F"><B>EBITDA margin</B></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="padding-right: 2pt; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 2pt; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #000640">
    <TD STYLE="padding-right: 2pt; width: 28%; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>IFRS 16 impact on EBITDA</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA Margin with IFRS 16</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA Margin w/o IFRS 16</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Variance</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA Margin with IFRS 16</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA Margin w/o IFRS 16</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Variance</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Latin America segment</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">41.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">38.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">3.0 pts</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">41.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">38.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">2.9 pts</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Africa segment</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">35.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">26.6%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">8.9 pts</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">31.9%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">22.9%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">9.0 pts</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Group (IFRS)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">36.9%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">33.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">3.7 pts</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">35.3%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">31.9%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">3.4 pts</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. 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; 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. 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; 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="padding-right: 2pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Income Statement data</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #000640">
    <TD STYLE="padding-right: 2pt; width: 44%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>In USD millions</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 14%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Millicom Group (IFRS)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 14%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Guatemala and Honduras</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 14%; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Millicom Group (IFRS)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 14%; text-align: center; padding-left: 2pt"><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="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">EBITDA - increase</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">42</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">15</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">149</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">60</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Depreciation expense - increase</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(30)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(12)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(109)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(45)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Lease Interest expense - increase</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(24)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(6)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(72)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(29)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Net Income - decrease</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(11)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(1)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(36)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(6)</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="padding-right: 2pt; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Cash Flow data</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #000640">
    <TD STYLE="padding-right: 2pt; width: 44%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>In USD millions</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 14%; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Millicom Group (IFRS)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 14%; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Guatemala and Honduras</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 14%; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Millicom Group (IFRS)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 14%; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><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="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Additional interest payments (IFRS 16)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(22)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(6)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(62)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(26)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Additional lease capital payments (IFRS 16)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(20)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(8)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(90)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(33)</FONT></TD></TR>
</TABLE>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 70%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: #000640">
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Balance sheet data</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>12/31/2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #000640">
    <TD STYLE="padding-right: 2pt; width: 60%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>In USD millions</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 20%; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Millicom Group (IFRS)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 20%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><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="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Additional lease liabilities (IFRS 16)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">714</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">310</FONT></TD></TR>
</TABLE>

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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></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="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR>
</TABLE>
<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></P>

<P STYLE="font: 12pt 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>Group Quarterly Financial Review - Q4 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="padding-right: 2pt; width: 46%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 2pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"><B>Income statement data (IFRS)</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"><B>($ millions, except EPS in $)</B>&nbsp;</P></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Revenue</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,150</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>980</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>17.3%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>4,336</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>3,946</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>9.9%</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Cost of sales</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(311)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(277)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">12.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1,201)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1,117)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.5%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Gross profit</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>839</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>703</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>19.3%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>3,135</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,829</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>10.8%</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Operating expenses</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(415)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(447)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(7.1)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1,604)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1,616)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.8)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Depreciation</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(213)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(164)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">29.8%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(825)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(662)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">24.5%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Amortization</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(84)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(40)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">107.6%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(275)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(140)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">95.9%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Share of net profit in Guatemala and Honduras</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">42</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">45</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(5.8)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">179</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">154</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">16.0%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other operating income (expenses), net</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(41)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(34)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">75</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Operating profit</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>129</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>107</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>20.7%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>575</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>640</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(10.1)%</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Net financial expenses</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(152)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(90)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">68.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(544)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(346)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">57.1%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other non-operating income (expenses), net</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">309</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(46)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">227</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(39)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Gains (losses) from other JVs and associates, net</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(35)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(75.4)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(40)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(136)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(70.3)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) before tax</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>277</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(65)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>NM</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>218</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>119</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>82.6%</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Net tax credit (charge)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(31)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(45)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(30.4)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(120)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(112)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.2%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) for the period from continuing ops.</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>246</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(111)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>NM</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>97</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>7</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>NM</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Non-controlling interests</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(20)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">17</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(5)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">16</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Profit (loss) from discontinued operations</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(3)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(1)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>57</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(33)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>NM</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net profit (loss) for the period</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>223</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(94)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>NM</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>149</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(10)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>NM</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Weighted average shares outstanding (millions)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">101.15</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">100.82</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.3%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">101.14</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">100.79</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.3%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: #44546A 1pt solid; border-left: #44546A 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EPS</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.20</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.94)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.48</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.10)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: #44546A 1pt solid; text-align: center; padding-left: 2pt"><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">In Q4 2019, group revenue increased
17.3% ($170 million) year-on-year to $1,150 million. 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 some of our
markets, most notably Colombia 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">Cost of sales increased 12.1%
($34 million) year-on-year to $311 million. The increase largely reflects the impact of the previously mentioned acquisitions.
Operating expenses decreased 7.1% ($32 million) year-on-year to $415 million. The decrease reflects the acquired operations and
$7 million of one-offs largely related to the integration of acquisitions, which were more than offset by the adoption of IFRS
16, which reduced operating expenses by $42 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; text-align: justify; color: gray">Depreciation increased 29.8%
($49 million) year-on-year to $213 million, mostly due to the adoption of IFRS 16, which added $30 million, and due to the acquisitions.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 94%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="padding-right: 2pt; width: 38%; border-left: Black 1pt solid; border-right: Black 1pt solid; padding-left: 2pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"><B>Amortization Expense</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"><B>($ millions)</B>&nbsp;</P></TD>
    <TD STYLE="padding-right: 2pt; width: 15%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Group (IFRS)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 15%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Guatemala and Honduras</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 15%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Group (IFRS)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 17%; border-left: Black 1pt solid; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Guatemala and Honduras</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Licenses and Spectrum</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(15)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(50)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(8)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Related to acquisitions</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(35)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(25)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(129)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(101)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other items</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(35)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(7)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(96)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(22)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Total Amortization</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(84)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(34)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(275)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(131)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="color: gray">Amortization expense increased to $84
million in Q4 2019 up from </FONT><FONT STYLE="color: #828282">$40 million in Q4 2018, as we begin to amortize</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="color: #828282">&nbsp;</FONT></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="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="color: #828282"></FONT></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="color: #828282"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="color: rgb(127,127,127)">intangibles stemming from
recent acquisitions. Amortization expense related to acquisitions was $35 million in Q4 and $129 million for the full year 2019,
slightly less than half of the total amortization expense for the period.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #828282">&nbsp;</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;was $42 million in Q4 2019, a decrease of 5.8% year-on-year due to one-off items that benefited Q4 2018.&nbsp;Other
operating losses of $41 million decreased by $50 million year-on-year due primarily to a loss on disposal of equity investments
and asset impairments.&nbsp;As a result of&nbsp;the above, operating profit&nbsp;was&nbsp;$129 million in Q4 2019, up 20.7% from
$107 million in Q4 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;$61
million to $152 million. The increase is due&nbsp;to higher&nbsp;levels of gross debt to fund recent acquisitions, and to the impact
of IFRS 16, which added $24 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">Income from other non-operating
items was $309 million in Q4 2019,&nbsp;compared to&nbsp;a loss of $46 million in Q4 2018, mainly due&nbsp;mostly to an increase
in value of our equity investment in Helios Towers.</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 $9 million in Q4 2019 compares to a loss of $35 million in Q4 2018. The performance in Q4 2018 largely
reflects a non-cash purchase price adjustment related to our 50% stake in AirtelTigo in Ghana.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Tax expense was $31 million
in&nbsp;Q4 2019, a decrease of $14 million compared to $45 million in Q4 2018, due to lower withholding taxes, lower profitability
in some Latam markets, and deferred tax items, which in aggregate more than offset the increase in tax related to the acquired
businesses.</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;profit&nbsp;from continuing operations was&nbsp;$246 million in the quarter, compared to a loss of $111
million&nbsp;in&nbsp;Q4 2018. Loss from discontinued operations of $3 million reflects Chad and related operations, which we disposed
of on June 26, 2019. Non-controlling interests&nbsp;share of net profit was $20 million in Q4 2019, compared to a loss of $17 million
in Q4 2018, reflecting our partners' share of net results 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;profit&nbsp;was
$223 million,&nbsp;or an earnings per share of $2.20&nbsp;for&nbsp;Q4 2019, compared to a loss per share of $0.94 in Q4 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 December&nbsp;31, 2019, we had 101,739,217 shares outstanding,
including 580,143 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="padding-right: 2pt; width: 52%; border-left: #000640 1pt solid; border-bottom: #44546A 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Cash flow data ($ millions)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; border-bottom: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; border-bottom: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; border-bottom: #44546A 1pt solid; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; border-bottom: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; border-bottom: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; border-bottom: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; border-left: #000640 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Operating free cash flow*</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>173</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>123</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>40.6%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>425</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>383</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>10.9%</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; border-left: #000640 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Finance charges paid, net</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(84)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(36)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(328)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(210)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">56.8%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; border-left: #000640 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Lease interest payments, net</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(39)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(33)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">17.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(141)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(89)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">59.0%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; border-left: #000640 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Free cash flow*</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>51</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>54</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(6.0)%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(45)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>85</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>NM</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; border-left: #000640 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Dividends from Guatemala and Honduras</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">56</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">62</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(10.3)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">237</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">243</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.6)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; border-left: #000640 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Dividends and advances to non-controlling interests</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(42.5)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(13)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; border-bottom: #000640 1pt solid; border-left: #000640 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Equity free cash flow*</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; border-bottom: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>106</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; border-bottom: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>115</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(8.1)%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; border-bottom: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>179</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; border-bottom: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>326</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #000640 1pt solid; border-bottom: #000640 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(45.0)%</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>* Non-IFRS measures. See page 21 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 $272 million
in 2019, compared to $375 million in 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 full-year 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"></P>

<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 STYLE="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></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">During 2019, operating free
cash flow, defined as EBITDA, less cash Capex, working capital, other non-cash items and taxes paid, was $425 million, an increase
of $42 million compared to $383 million in 2018. Factors that contributed to the change include a $317 million increase in EBITDA
before discontinued operations in 2019 compared to 2018 due to acquisitions and IFRS 16, a $138 million increase in net cash capex
(excluding spectrum and licenses) as well as a $114 million increase in working capital in 2019 compared to 2018 due in part to
the impact of acquisitions and to growth of our subscription-based services.</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 $119 million during the period, mainly due to higher average gross debt in 2019 compared to 2018, required to
fund our recent acquisitions, as well as fees paid in relation to the refinancing and issuance of bonds throughout the year.
Lease interest payments increased to $141 million in 2019 from $89 million in 2018. As a result of the adoption of IFRS 16,
lease interest payments include $62 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 relatively stable at $237 million, which reflect the solid financial performance and cash flow generation in
both countries. Meanwhile, dividends paid to non-controlling interests increased to $13 million from $2 million in 2018. As a result
of the above factors, equity free cash flow was $179 million in 2019, compared to $326 million reported 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; 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="padding-right: 2pt; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Debt information</B></FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 2pt; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Gross Debt</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Cash</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Net</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Leases</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Financial Obligations</B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="padding-right: 2pt; width: 30%; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>($ millions)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>USD</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>LCY</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 8%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Debt*</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 11%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Gross</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Net*</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Bolivia</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">350</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">350</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">41</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">309</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">42</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">392</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">350</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Colombia</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">297</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">531</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">827</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">214</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">613</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">385</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,212</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">998</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Costa Rica</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">42</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">107</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">148</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">18</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">130</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">154</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">136</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">El Salvador**</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">268</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">268</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">25</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">243</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">92</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">360</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">335</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Panama**</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">918</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">918</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">61</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">857</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">88</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,006</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">945</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Paraguay</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">296</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">206</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">502</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">59</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">443</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">85</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">587</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">527</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Nicaragua</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">22</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(22)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">117</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">117</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">97</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Latin America</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">634</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,379</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,014</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">440</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,574</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">814</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,827</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,387</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Africa</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">171</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">14</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">186</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">30</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">155</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">222</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">408</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">377</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Corporate</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,730</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">43</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,773</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">696</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,077</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">27</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,801</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,105</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Group (IFRS)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>3,535</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,437</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5,972</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,166</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>4,807</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,063</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>7,036</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5,870</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Guatemala and Honduras</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,031</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">252</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,283</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">229</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,053</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">313</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,596</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,366</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Underlying (non-IFRS)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,566</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,689</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7,255</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,395</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,860</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,376</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8,631</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7,236</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Proportionate (non-IFRS)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,979</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,140</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,119</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,177</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,942</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,030</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7,149</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,972</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>* Net Debt and Net financial obligations are
non-IFRS measures. See page 21 for a description of non-IFRS measures and for reconciliations to the nearest equivalent IFRS measures.
Term deposits were $1 million as of December 31, 2019.</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>** El Salvador's official unit of currency
is the&nbsp;U.S.&nbsp;dollar, while Panama uses the&nbsp;U.S. dollar&nbsp;as legal tender. Our local debt in both countries is
therefore denominated in U.S. dollars but presented as local currency (LCY).</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 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 December&nbsp;31, 2019,
underlying gross debt reached $7,255 million, an increase of $584 million compared to $6,671 million reported as of September 30,
2019. The increase mainly reflects additional debt raised to finance our Panama acquisition with the issuance of a $600 million
4.5% senior unsecured note in November. Included in our underlying gross</P>

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

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    <TD STYLE="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></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"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">debt, Guatemala and Honduras had $1,283 million as of
December&nbsp;31, 2019, a decrease of $3 million from $1,286 million as of September 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">Approximately 59% of underlying
gross debt at December&nbsp;31, 2019 was in Latam, 3% in Africa, and the remaining 38% at the corporate level. In terms of mix,
37% was in local currency or swapped for local currency, and 76% was at fixed rates or swapped for fixed rates, while the average
cost was 6.1%, and the average maturity was 6.1 years.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Our underlying cash position
reached $1,395 million, an increase of $509 million compared to $886 million as of September 30, 2019, due to an increase in cash
held at the corporate level in preparation for the closing of the Costa Rica transaction, which is expected during H1 2020. The
underlying cash position includes $229 million in Guatemala and Honduras, as of December&nbsp;31, 2019. As a result, our underlying
net debt was $5,860 million as of December&nbsp;31, 2019, an increase of $75 million from $5,785 million as of September 30, 2019.
The increase reflects a dividend payment of $133 million, partially offset by free cash flow generation during the period, as well
as net proceeds from the sale of shares in Helios Towers plc as part of that company's IPO on the London Stock Exchange.</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 addition, as of December&nbsp;31,
2019, we had underlying lease liabilities of $1,376 million, which represented 16% of underlying gross financial obligations. Including
these lease liabilities, underlying net financial obligations were $7,236 million as of December&nbsp;31, 2019, Underlying leverage<SUP>i</SUP>
increased to 2.76x as of December&nbsp;31, 2019 from 2.18x as of December 31, 2018. Proportionate leverage<SUP>i </SUP>which captures
our proportional ownership in each country, was 3.19x as of December&nbsp;31, 2019, up from 2.52x as of December 31, 2018. The
increase in leverage during 2019 reflects our acquisitions in Panama and Nicaragua, as well as the adoption of IFRS 16, which added
approximately 0.15x to our leverage, on a proportionate 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">&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; color: gray"></P>

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<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: #7F7F7F"><SUP></SUP></P>

<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; text-align: justify; color: #7F7F7F"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray; 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"><SUP>i</SUP></TD><TD>Underlying leverage and proportionate leverage are non-IFRS
measures. Leverage metrics shown here are calculated by using last twelve month EBITDA, proforma for acquisitions and disposals.
Beginning in Q4 2019, the leverage metrics shown herein fully reflect the impact of IFRS 16 on our financials, as we now have
one full year of results reported under the IFRS 16 standard. From Q1 2019 and until Q3 2019, we presented leverage metrics calculated
by excluding leases related to IFRS 16 and by using EBITDA after leases. On that same basis, proportionate leverage was 3.09x
as of December 31 2019, a reduction from 3.14x as of September 30, 2019. See page 2 for more information
on the impact of IFRS 16 adoption on our financials, and refer to page 21 for a description of non-IFRS measures and for reconciliations
to the nearest equivalent IFRS measures.</TD>
</TR></TABLE>

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


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR>
</TABLE>
<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></P>

<P STYLE="font: 12pt 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>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; 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
softened in a number of our markets, including Nicaragua, Paraguay, and Panama, while civil unrest occurred in Bolivia. In these
countries, the macro environment appears to have exacerbated the impact of more intense competition in prepaid mobile, which we
believe is more sensitive to changes in economic conditions as compared to 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 were largely
stable during Q4, with the exception of Paraguay which depreciated 3.5%, and Colombia, which depreciated 1.9% . For the year,
the Colombian peso saw a cumulative depreciation of 7.2%, the Paraguayan guarani depreciated 7.6%, while the Nicaraguan
cordoba and the Honduran lempira both fell 1.7%. The Guatemalan quetzal was flat, and the Costa Rican colon appreciated by
3.7% over the past year. The boliviano remained pegged to the dollar.</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 Q4 2019, we added 1.9 million
4G smartphone data customers to reach 15.4 million, an increase of 4.9 million, 46.8% year-on-year, which was aided by the acquisition
of mobile businesses in Nicaragua and Panama which added 1.6 million of the net adds during the year. 4G customers now account
for 39% of our mobile customer base, up from 31% as of Q4 2018. Our mobile customer base increased 18.3% year-on-year, driven mostly
by acquisitions, as well as healthy organic</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"></P>

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

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    <TD STYLE="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></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">growth in both our prepaid and postpaid customer segments. For the quarter, we added
1.1 million mobile customers, including 109,000 in postpaid.</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
8.1% year-on-year to $7.2, due to (1) weaker currencies, most notably in Colombia and Paraguay which depreciated around 7% over
the last year (2) the acquisition of Nicaragua, where ARPU is below the Latam segment average, and (3) social and political unrest
in Bolivia.</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 HFC network to cover an additional 248,000 homes on our HFC network, mostly in Bolivia, Colombia and Paraguay.
Meanwhile, we added 63,000 HFC customer relationship net additions in the quarter, and 351,000 net adds during the year, which
were lower in Q4 than in prior quarters in 2019 due mostly to social unrest in Bolivia.</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 10.5% year-on-year to </FONT>$29.0<FONT STYLE="background-color: white">. The increase is mostly due to the acquisition
of our cable operation in Panama, where ARPU is higher than in our other markets. In addition, most of our markets saw ARPU 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>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding-right: 2pt; width: 40%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Key Performance Indicators (&lsquo;000)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 19</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 19</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q2 19</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q1 19</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 18</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 19 vs Q4 18</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39,846</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">38,588</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">37,162</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33,891</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33,691</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">18.3%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-right: 2pt; padding-left: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which 4G customers</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">15,398</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">13,535</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11,947</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10,756</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10,487</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">46.8%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-right: 2pt; padding-left: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which postpaid subscribers</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,134</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,018</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,824</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,545</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,477</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">14.7%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile ARPU ($)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.2</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.0</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.4</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.5</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.8</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(8.1)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Total homes passed</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11,842</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11,635</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11,432</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11,231</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11,008</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.6%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-right: 2pt; padding-left: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which HFC homes passed</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11,460</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11,213</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10,958</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10,722</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10,562</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8.5%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">HFC customer relationships</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,456</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,393</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,294</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,200</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,103</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11.4%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">HFC revenue generating units</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,948</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,773</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,539</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,323</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,203</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">12.0%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home ARPU ($)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">29.0</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">29.2</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">29.4</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">29.5</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">26.2</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10.5%</FONT></TD></TR>
</TABLE>
<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: #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; text-align: justify; color: gray">In Q4 2019, revenue in our
Latam segment increased 14.2% year-on-year to $1.6 billion, while service revenue also increased 14.2%. The increase in service
revenue is largely due to our acquisitions in Panama and Nicaragua, which contributed $154 million and $56 million, respectively,
during the quarter. Adjusting for currency, accounting changes and including Cable Onda in both periods, organic service revenue
growth was 2.3%.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">By country, organic service
revenue growth for the quarter was strongest in Colombia (+6.3%), Guatemala (+3.7%), and Costa Rica (+3.5%), while growth lagged
in El Salvador (-4.4%) and Paraguay (-1.2%). Finally, Bolivia was adversely affected by the social unrest surrounding the Presidential
elections, and organic service revenue growth was slightly negative (-0.2%) 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">By business unit, organic service
revenue growth in Mobile declined 2.7% year-on-year, mainly due to Bolivia, as well as intense competition in Paraguay. On an organic
basis, prepaid mobile service revenue softened, declining low-single-digits, while postpaid mobile service revenue grew mid-single-digits
in the quarter. Cable grew 8.0%, supported by 8.5% growth in our Home business. Growth in B2B improved to 4.1% compared to Q4 2018,
buoyed by a large governmental contract in Colombia during the quarter. Revenue from telephone and equipment increased 14.1% year-on-year
to $135 million, due mostly to increases in Guatemala, Honduras and El Salvador. For the full year 2019, organic service revenue
growth in our Latam segment was 2.2% and was comprised of a decline of 0.7% in Mobile B2C, flat performance in B2B and 8.4% growth
in Home. For the full year 2019 subscription revenue accounted for around 60% of our total service revenue.</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"></P>

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    <TD STYLE="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></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>

<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-right: 2pt; width: 32%; padding-left: 2pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"><B>Latam Financial Highlights</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"><B>($m, unless otherwise stated)</B>&nbsp;</P></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 2pt; width: 13%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 2pt; width: 11%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 2pt; width: 11%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 2pt; width: 11%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 2pt; width: 11%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding-right: 2pt; width: 11%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,577</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,381</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">14.2%</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,964</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,485</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8.7%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-right: 2pt; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth*</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.9%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.5%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>(0.6) pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.8%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.5%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>(0.7) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue*</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,442</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,263</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">14.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,514</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,069</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8.8%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-right: 2pt; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth*</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.3%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.7%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>(1.4) pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.2%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.3%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>(2.1) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">859</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">803</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,258</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,214</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.4%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-right: 2pt; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Of which mobile data</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">461</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">407</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">13.4%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,705</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,595</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.9%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Cable and other fixed</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">559</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">447</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">25.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,197</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,808</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">21.5%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA<SUP>*</SUP></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">648</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">524</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">23.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,443</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,077</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">17.6%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-right: 2pt; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth*</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.0%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.0%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>(2.0) pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.1%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.5%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>(1.4) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA margin<SUP>*</SUP></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">41.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">38.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>3.1 pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">41.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">37.9%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 2pt; text-align: center; padding-left: 2pt"><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-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Capex<SUP>*</SUP></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">363</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">346</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.7%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,002</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">954</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.1%</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">OCF*</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">285</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">178</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">60.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,442</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,124</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">28.3%</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 2pt; 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; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>10.6%</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>11.2%</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>(0.6) pt</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>8.3%</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.2%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>5.1 pt</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>* Non-IFRS measures. Capex is defined as capital
expenditures excluding spectrum, license costs and finance lease capitalizations. See page 21 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">EBITDA for our Latam segment
increased 23.5% year-on-year to $648 million in Q4 2019. The increase largely reflects the acquisitions in Panama ($73 million)
and Nicaragua ($26 million), as well as a $47 million increase from IFRS 16 adjustments, partially offset by weaker currencies.
Stripping out these impacts, organic EBITDA growth was 2.0%.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">&nbsp;&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, Colombia, Bolivia and Guatemala, contributed positively to organic EBITDA growth, while Honduras 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 3.1 percentage points to 41.1% in Q4 2019 (38.1% excluding the impact of IFRS16), increasing from 38.0% in Q4
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
$363 million in the quarter. In mobile, we added more than 400 points of presence to our 4G network to end the quarter with more
than 11,600, implying an organic increase of 20% year-on-year. At the end of Q4 2019, our 4G networks covered approximately 69%
of the population (approximately 120 million in our markets), up from 65% at Q4 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 60.1% year-on-year to $285 million in Q4 2019 driven by the previously mentioned improvements in EBITDA related
to IFRS 16, as well as our acquisitions in Panama and Nicaragua. On an organic basis, OCF grew 10.6%.</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: #000640"></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="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"></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: #000640"><B>Latam segment performance
by country - Q4 2019 and 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="padding-right: 2pt; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD COLSPAN="4" STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="padding-right: 2pt; width: 20%; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>$ millions</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Revenue</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Service Revenue</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA Margin</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Revenue</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Service Revenue</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA Margin</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Bolivia</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">159</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">156</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">66</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">41.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">639</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">624</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">257</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">40.2%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Colombia</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">388</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">358</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">130</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33.4%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,532</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,432</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">510</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33.3%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">El Salvador</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">98</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">87</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">40</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">40.6%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">387</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">348</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">140</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">36.2%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Guatemala</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">378</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">317</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">185</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">48.9%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,434</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,234</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">748</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">52.2%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Honduras</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">152</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">139</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">72</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">47.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">594</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">551</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">280</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">47.1%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Panama</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">160</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">154</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">73</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">45.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">475</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">468</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">223</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">46.9%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Paraguay</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">150</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">140</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">72</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">48.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">610</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">575</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">294</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">48.2%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Others*</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">92</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">90</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">12.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">293</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">284</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(8)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.7)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Latam Segment</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,577</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,442</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>648</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>41.1%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5,964</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5,514</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,443</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>41.0%</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="padding-right: 2pt; width: 38%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers ('000)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9,421</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8,601</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9,421</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8,601</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9.5%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; padding-right: 2pt; 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="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,570</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,700</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">32.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,570</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,700</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">32.2%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home customer relationships* ('000)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,710</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,674</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,710</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,674</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.1%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">HFC customer relationships ('000)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,366</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,233</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10.8%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,366</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,233</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10.8%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">388</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">394</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.4)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,532</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,661</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(7.8)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; padding-right: 2pt; vertical-align: bottom; 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="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.0%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.4%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.6 pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.8%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.2%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>0.6 pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue ($ millions)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">358</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">362</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.2)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,432</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,553</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(7.8)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-right: 2pt; vertical-align: bottom; text-indent: 0pt; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.3%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.0%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.3 pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.8%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.5%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.7) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">130</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">118</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9.6%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">510</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">494</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.2%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; padding-right: 2pt; vertical-align: bottom; 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="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.2%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>7.3%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(1.1) pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.0%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.4%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(1.4) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA margin</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33.4%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">30.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.3 pt</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33.3%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">29.7%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><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: #000640"><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: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">In Colombia, our Home business
had strong results during the quarter, as our HFC customer relationships increased 10.8% with the addition of 24,000 HFC customer
relationships during the quarter to end 2019 with roughly 1.4 million. Year-on-year growth in overall customer relationships improved
for an eighth consecutive quarter, increasing 2.1% in Q4 2019. Aided by a price increase implemented during the quarter, organic
service revenue in our Home business grew mid 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">Our mobile business continued
to perform well in Q4, with our customer base increasing 9.5% year-on-year, with both prepaid and postpaid segments experiencing
healthy customer growth. ARPU was relatively stable during the quarter, but Mobile service revenue growth slowed to low single-digits
on an organic basis due to lower wholesale revenue.</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 STYLE="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></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">B2B activity improved noticeably
due to a government contract during Q4 2019, and as a result organic B2B service revenue growth was in the high-teens 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 decreased 1.2%
during the quarter, impacted by the 7.2% depreciation of the Colombian peso. Organic service revenue increased 6.3% year-on-year
in Q4 2019, up from 1.7% growth reported 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">EBITDA increased 9.6% in U.S.
dollar terms and 6.2% organically to $130 million in Q4 2019. EBITDA margin improved 3.3 percentage points to 33.4%. Excluding
the benefit from IFRS 16, EBITDA margin would have been 30.1%, the same as reported in Q4 2018. For the full year, EBITDA increased
3.0% organically, despite $10 million of one-off charges related to bad debt related to a large wholesale client and to an adverse
arbitration ruling.</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 December 20, 2019, Millicom
took part in spectrum auctions, and we were awarded two blocks of 20 MHz each in the 700MHz band.</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="padding-right: 2pt; width: 40%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers ('000)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,496</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,278</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.7%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,496</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,278</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.7%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home customer relationships* ('000)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">437</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">406</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">437</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">406</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.5%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">150</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">163</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(8.4)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">610</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">679</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(10.2)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.9)%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.0%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(1.9) pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(2.4)%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.9%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(6.3) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue ($ millions)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">140</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">154</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(8.7)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">575</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">632</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9.0)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(1.2)%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.6%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(3.8) pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(1.2)%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.5%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(6.7) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">72</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">77</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6.4)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">294</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">332</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(11.5)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(1.5)%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.0%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(2.5) pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(5.6)%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.1%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(10.7) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">48.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">47.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.0 pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">48.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">48.8%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.7) pt</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><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: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Economic activity improved
somewhat in H2 2019 as compared to the negative GDP growth reported H1 2019, with the improvement stemming from the agricultural
and construction sectors. However, the competitive environment remained challenging in Q4, especially in the prepaid segment of
the mobile market. This has been impacting ARPU, which continued to decline year-on-year in Q4 2019, although we successfully protected
our leading market share 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">Our mobile customer base grew
a second consecutive quarter, increasing 6.7% year-on-year, and we had positive net adds of 154,000 during the quarter, driven
by an increase in both prepaid and postpaid net adds. Meanwhile, we continued to grow our 4G customer base, which increased to
44% of our total mobile subscriber base, compared to 33% as of Q4 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 7.5% during the quarter, while the number of customers on our HFC network increased at about twice that rate, as we continue
to upgrade customers from our UHF network.</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 8.7%
impacted by the 7.6% depreciation of the Paraguayan guarani year-on-year. On an organic basis, service revenue declined by 1.2%,
reflecting weaker performance in prepaid mobile caused by the weaker economic backdrop and intense price competition, partially
offset by a positive performance in postpaid and cable, which generated single-digit organic growth 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">EBITDA decreased 6.4% in dollar
terms and 1.5% organically in the quarter reflecting lower revenue and increased commercial activity. The EBITDA margin remains
very healthy at 48.1% (46.8% excluding the impact of IFRS16) compared to 47.1% in Q4 2018.</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>

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    <TD STYLE="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR>
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<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;&nbsp;</P>

<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>

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    <TD STYLE="padding-right: 2pt; width: 34%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers (&lsquo;000)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,716</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,604</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,716</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,604</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.1%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home customer relationships* (&lsquo;000)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">511</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">389</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">31.3%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">511</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">389</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">31.3%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">159</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">160</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.4)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">639</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">614</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.2%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.4)%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>8.3%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(8.7) pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.2%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>10.5%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(6.3) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue ($ millions)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">156</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">156</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.2)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">624</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">597</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.5%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.2)%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>8.7%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(8.9) pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.5%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>11.1%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(6.6) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">66</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">62</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">257</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">232</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11.0%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>0.6%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.3%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(5.7) pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.3%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>7.3%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(1.0) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">41.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.2 pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">40.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">37.8%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><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: #000640"><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: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">During the quarter our operations
in Bolivia were impacted by protests and marches which began in response to the October presidential elections. A national civil
strike began in late October and lasted about one month, significantly disrupting our operations.</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">Despite these challenges, we
added 16,000 customer relationships during Q4 to end with more than half a million, representing robust growth of 31% year-on-year.
Over the past two years, our Home business in Bolivia has more than doubled, going from 231,000 customer relationships at the end
of 2017 to 511,000 at the end of 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">In Mobile, we added 78,000
subscribers during the quarter, mostly in the prepaid business, but ARPU remained under pressure due to market conditions, causing
our mobile service revenue to decline double-digits 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">Q4 19 service revenue decreased
0.2% year-on-year supported by strong growth in Cable, offset by the decline in Mobile. EBITDA rose 5.2% year-on-year (0.6% organically),
and the margin expanded to 41.2% (39.4% excluding the impact of IFRS 16) compared to 39.0% in 2018.</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"></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="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></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>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="text-indent: 0pt; padding-right: 2pt; width: 37%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; width: 9%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers ('000)</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10,817</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10,941</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.1)%</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10,817</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10,941</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.1)%</FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home customer relationships* ('000)</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">519</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">485</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.1%</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">519</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">485</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.1%</FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; vertical-align: bottom; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">378</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">358</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.4%</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,434</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,373</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.5%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-right: 2pt; vertical-align: bottom; text-indent: 0pt; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.3%</I></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.8%</I></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(1.5) pt</I></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>7.0%</I></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.5%</I></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.5 pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue ($ millions)</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">317</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">306</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.8%</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,234</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,200</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.8%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-right: 2pt; vertical-align: bottom; text-indent: 0pt; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.7%</I></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.4%</I></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(2.7) pt</I></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.3%</I></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.2%</I></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.9) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">185</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">172</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.4%</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">748</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">689</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8.6%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-right: 2pt; vertical-align: bottom; text-indent: 0pt; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>0.8%</I></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.8%</I></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(3.0) pt</I></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.7%</I></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.6%</I></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.9) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">48.9%</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">48.0%</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>0.9 pt</I></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">52.2%</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">50.2%</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.0 pt</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><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: #000640">&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 Q4 2019, in line with the growth seen in Q3 19. In mobile, we saw healthy net additions of 168,000 customers
stemming from both prepaid and postpaid, and ARPU increased year-on-year, both organically and in dollars. In cable, we ended Q4
2019 with 519,000 customer relationships, an increase of 7.1% year-on-year, with net additions of 11,000 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">Service revenue grew 3.8% in
USD terms,which had limited impact from the Guatemalan Quetzal, which was stable during the period and year, appreciating 0.1%
compared to Q4 2018. Excluding the currency impact, organic service revenue growth of 3.7% was down from 6.4% in Q4 2018, but was
a sequential improvement from 3.2% growth in Q3 2019. The slowdown largely reflects slower mobile service revenue organic growth,
as well as a slower B2B performance compared to Q4 2018. On an organic basis, mobile service revenue growth approached mid-single
digits, while cable service revenue growth was in the low double-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 7.4% (0.8%
organically) and the margin improved to 48.9% (46.0% excluding the impact of IFRS 16), an increase of 0.9 percentage points compared
to 48.0% reported in Q4 2018, as the uplift from IFRS 16 was partially offset by higher handset and other costs during the quarter.
For the year, EBITDA grew 4.7% organically, a slight reduction compared to 5.6% growth in 2018.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">&nbsp;&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="padding-right: 2pt; width: 35%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers ('000)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,639</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,678</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.8)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,639</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,678</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.8)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home customer relationships* ('000)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">176</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">165</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.9%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">176</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">165</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.9%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">152</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">151</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.8%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">594</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">586</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.4%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; padding-right: 2pt; vertical-align: bottom; 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="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.6%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.8%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(2.2) pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.0%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.0%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.0 pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue ($ millions)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">139</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">142</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.3)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">551</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">555</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.8)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; padding-right: 2pt; vertical-align: bottom; 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="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.5)%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.4%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(4.9) pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.7%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.8%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.1) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">72</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">76</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(5.6)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">280</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">268</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.2%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; padding-right: 2pt; vertical-align: bottom; 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="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(9.5)%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>21.8%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(31.3) pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>0.5%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.4%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(2.9) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">47.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">50.3%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(3.2) pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">47.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">45.8%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.3 pt</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><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: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Honduras had steady growth
throughout 2019 albeit a little slower in Q4. In Mobile, customers decreased 0.8% year-on-year, as the quarterly net adds of 110,000
could not compensate for customer losses in Q2 2019 and Q3 2019. We</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"></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 STYLE="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></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">remained focused on expanding our 4G network and on upgrading
our customers from 3G to 4G and from prepaid to postpaid. The number of 4G customers continued to increase and was 38% of our customer
base in Q4 2019, a significant improvement from 27% in Q4 2018. In Home, we continue to focus on improving the penetration of our
network and on cross-selling to our existing customers, as our RGUs increased low single digit 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 decreased 2.3%
year-on-year, due to a 1.7% depreciation of the Honduran lempira, leaving organic growth at negative 0.5%, due to a slowdown in
our prepaid business during the quarter. On an organic basis, high-single digit growth in Home was offset by a low single-digit
decline in Mobile and B2B service revenue.</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 decreased 5.6% (decreased
9.5% on an organic basis). This decline was mostly due to a positive $6 million one-off during Q4 2018. Excluding the impact of
this one-off, EBITDA would have decreased 1.6% organically. The margin decreased 3.2 percentage points to 47.1% ( 44.4% excluding
the impact of IFRS 16), below the EBITDA margin of 50.3% in Q4 2018, which was positively impacted by the one-off 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; 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: 70%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; vertical-align: bottom; width: 62%; border: Black 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; width: 19%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; width: 19%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers ('000)</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,766</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,766</FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home customer relationships* ('000)</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">437</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">437</FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; vertical-align: bottom; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">160</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">475</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; text-indent: 0pt; padding-right: 2pt; vertical-align: bottom; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth**</I></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.3%</I></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>0.4%</I></FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; vertical-align: bottom; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue ($ millions)</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">154</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">468</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; text-indent: 0pt; padding-right: 2pt; vertical-align: bottom; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth**</I></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.3%</I></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>0.4%</I></FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; vertical-align: bottom; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">73</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">223</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-right: 2pt; vertical-align: bottom; text-indent: 0pt; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth**</I></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>19.0%</I></FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>9.1%</I></FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; vertical-align: bottom; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">45.5%</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">46.9%</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"></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>* Home Customer Relationships includes (1)
HFC (2) DTH (3) Others.</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>** 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: #000640">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">The fourth quarter was the
first full quarter that we consolidated the mobile operations which we acquired in August 2019. In addition, we continue to execute
our integration plan in Panama, including the delivery of identified synergies across both the mobile and home businesses. Economic
activity remained relatively soft, and the macroeconomic backdrop has dampened our revenue growth in Q4 and during 2019, 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 was down
slightly due mostly to a decrease in customers on DTH, where we are focused on optimizing the profitability of that segment which
has resulted in the disconnection of more than 10,000 customers during 2019. In contrast, the number of customers on our HFC network
has remained stable for most of 2019, although ARPU softened slightly compared to Q3 2019 due to more intense competition 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">Service Revenue, which included
a full quarter of our mobile business for the first time, amounted to $154 million. The 1.3% organic growth was impacted by the
positive results in our cable and other fixed business offset by our B2B business.</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, which was also impacted
by the full quarter of mobile, grew to $73 million in Q4. Excluding mobile as well as the benefit from IFRS 16, EBITDA grew 19.0%
on an organic basis, as the prior year was affected by acquisition costs, while the current period benefited from cost synergies.
EBITDA margin reached 45.5% (42.6% excluding the impact of IFRS 16). For the full year, the fixed business of Cable Onda generated
EBITDA less capex of $113 million ($105 million excluding IFRS 16) which surpassed our original acquisition plan of $98 million.</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="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"></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: #000640"><B>El Salvador</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="padding-right: 2pt; padding-left: 2pt; width: 40%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers ('000)</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,564</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,590</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.0)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,564</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,590</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: Black 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.0)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home customer relationships* ('000)</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">274</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">273</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.4%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">274</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">273</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.4%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; vertical-align: bottom; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: Black 1pt solid; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">98</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">101</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.5)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">387</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">405</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.5)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; padding-right: 2pt; text-indent: 0pt; vertical-align: bottom; 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="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(2.5)%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(8.4)%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.9 pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(4.5)%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(4.3)%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.2) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">87</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">91</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.4)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">348</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">371</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6.2)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; padding-right: 2pt; text-indent: 0pt; vertical-align: bottom; 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="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(4.4)%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(8.9)%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.5 pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(6.2)%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(4.6)%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(1.6) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">40</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">35</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">13.4%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">140</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">133</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.1%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; padding-right: 2pt; padding-left: 0.125in; vertical-align: bottom; border-left: Black 1pt solid; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic growth</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.0%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(22.2)%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>26.2 pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(4.4)%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(14.2)%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>9.8 pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">40.6%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">34.9%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.7 pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">36.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">32.9%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.3 pt</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><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: #000640">&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
organically 4.4% during Q4 2019, an improvement from the 4.9% decline seen in Q3 2019, and the best result of the year. The improvement
in growth came from our subscription services including our postpaid business and home business. Performance in prepaid mobile
continued to disappoint in Q4, although the results in the fourth quarter were a sequential improvement to the second and third
quarters.</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 13.4% year-on-year
(4.0% organically) in Q4 2019, thanks to strict cost control and improved operational efficiency. The EBITDA margin of 40.6% (37.2%
excluding the impact of IFRS 16) is a 5.7 percentage point improvement from Q4 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">During the quarter we participated
in a spectrum auction carried out by the Superintendencia General de Electricidad y Telecomunicaciones (SIGET) in El Salvador,
and agreed to acquire five blocks of 10MHz in the AWS bands.</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">Although the economic environment
remained very challenging in Q4 2019, we added customers in both our mobile and cable businesses during the quarter. Service revenue
was $56 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 Q4 2019, service revenue
was $40 million, and EBITDA reached $17 million. We expect to close the previously-announced acquisition of mobile operations during
H1 2020 once all the regulatory and government approvals have been completed.</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: 70%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding-right: 2pt; width: 46%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Key Performance Indicators (&lsquo;000)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 18%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 19</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 18%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 18</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 18%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 19 vs Q4 18</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">12,686</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">12,724</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.3)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">MFS customers</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,460</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,938</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6.9)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile ARPU ($)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.5</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.6</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.8)%</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">Our Africa segment operations
comprise Tanzania, including Zantel. With the view of completing an initial public offering on the Dar es Salaam Stock Exchange,
we completed the merger of our operations in the country, and Millicom Tanzania acquired all of the shares of Zantel in Q4 2019.</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 STYLE="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></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"></P>

<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">During Q4 2019, mobile customers
were relatively flat compared to Q4 18, ending the period with 12.7 million. During 2019, we were preparing stricter biometric
customer registration requirements, which were implemented in January 2020 as mandated by the government. We believe that preparations
for this customer registration process had a material impact on the broader industry's customer growth in 2019, and this is expected
to continue to dampen customer growth in 2020.</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 Q4 2019, the number of customers
that used mobile financial services (MFS) was 6.5 million, a 6.9% decrease from Q4 2018, as growth of our MFS customer base was
also impacted by the new mobile customer registration requirements being implemented. As of December 31, 2019, our MFS customers
represent approximately 51% 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 3.8% (a decline
of 3.6% 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="padding-right: 2pt; padding-left: 2pt; width: 34%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: #44546A 1pt solid">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"><B>Africa Financial Highlights</B></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: white"><B>($m, unless otherwise stated)</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white">&nbsp;</P></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018<SUP>i</SUP></B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; width: 11%; 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="padding-right: 2pt; padding-left: 2pt; width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018<SUP>i</SUP></B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; width: 11%; 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></TR>
<TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; 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="padding-right: 2pt; padding-left: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">103</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.8)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">382</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">399</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.2)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; padding-right: 2pt; border-left: Black 1pt solid; vertical-align: bottom; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic<SUP>ii</SUP> growth</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; 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="padding-right: 2pt; padding-left: 2pt; 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="padding-right: 2pt; padding-left: 2pt; 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="padding-right: 2pt; padding-left: 2pt; 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="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.7%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(8.6) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">98</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">103</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.8)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">382</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">398</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.2)%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; padding-right: 2pt; border-left: Black 1pt solid; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic<SUP>ii</SUP> growth</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; 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="padding-right: 2pt; padding-left: 2pt; 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="padding-right: 2pt; padding-left: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(7.2) pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; 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="padding-right: 2pt; padding-left: 2pt; 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="padding-right: 2pt; padding-left: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(8.7) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA<SUP>iii</SUP></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">35</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">25</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39.4%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">122</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">102</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">19.4%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; padding-right: 2pt; border-left: Black 1pt solid; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Organic<SUP>ii</SUP> growth</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(8.3)%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; 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="padding-right: 2pt; padding-left: 2pt; vertical-align: bottom; 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="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(19.9)%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; 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="padding-right: 2pt; padding-left: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(27.6) pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA<SUP>iii</SUP> margin %</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">35.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">24.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>11.3 pt</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">31.9%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">25.6%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.3 pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Capex<SUP>iii</SUP></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">20</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">17</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">17.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">42</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">30</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39.6%</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: #000640"><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: #000640"><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: #000640"><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 21 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">Africa service revenue declined
4.8% in US dollars and 4.7% organically during Q4 2019 due to the impact of lower interconnection rates as well as increased competition,
which impacted 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"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Africa EBITDA increased 39.4%
(declined 8.3% organically) year-on-year in Q4 2019 due to benefits from IFRS 16. On an organic basis, the decline is largely due
to regulatory and tax audit fines. EBITDA margin increased by 11.3 percentage points year-on-year to 35.5% (26.6% 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>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray">Capex for the full year 2019 was $42 million, an
increase of $12 million year-on-year to significantly expand coverage and capacity on our 4G network.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; 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 STYLE="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></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"></P>

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

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Corporate Responsibility highlights &ndash;
Q4 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; text-align: justify; color: #000640"><B>Joint UNICEF projects
in Colombia and Paraguay yield results</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Our joint programs with UNICEF
in Colombia and Paraguay achieved significant results during the last quarter of 2019. In Colombia, 80 workshops on life skills
and the productive, creative and safe use of technology under our Conectate Segur@ program were conducted by UNICEF, reaching 2,436
adolescents and surpassing our initial target of 1,500.</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 Paraguay, we are developing
a methodology with UNICEF to measure the impact of our Conectate Segur@ programs in schools. A first pilot was implemented in two
schools, and together with other institutions, including the Ministry of Education, 14 more schools will form part of the project.</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>Understanding our impact
on Human Rights</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Human Rights Impact Assessments
(HRIA) have been deployed in our operations in Paraguay, Bolivia and Colombia. These HRIAs have been conducted jointly with Business
for Social Responsibility (BSR), a leading organization in business and human rights. We are currently analyzing and consolidating
results and insights from the assessments to develop relevant action plans, where needed.</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>A region-wide tool to
introduce women to digital tech</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">During 2019, we consolidated
and deployed our CONECTADAS program in all operations. Our program builds on our work in Guatemala with the Sheva Foundation which
is focused on training women in the use of mobile technology for their personal growth and socio-economic development.</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">To increase access to our program,
we are developing a mobile application for women together with Grameen America. The App will allow us to own and deploy educational
tools to the beneficiaries of our program 24/7, and reach different levels of maturity and digital skills, from those who are just
picking up a mobile phone, to those who will use this tool as a catalyst for increasing their income.</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>Health, safety and environment</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">Our security teams have continued
to focus on SOX implementation controls and are preparing for external audits on the implementation of ISO standards 14001 and
45001. Costa Rica, El Salvador, Guatemala, Honduras, Colombia and Paraguay along with Tanzania are now certified to both standards
with Bolivia and Panama certified to ISO 45001.</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 Global Security team, which
oversees the implementation of policy and Group standards in health and safety by the local Integrated Services operational teams,
worked across the organization to provide prompt and successful responses to risk situations, such as severe weather events in
Tanzania, as well as civil unrest in Bolivia and government protests in Panama and Honduras.</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 this reporting period,
unfortunately, one employee fatality was recorded as a result of a road traffic accident in Colombia. Accident investigation enabled
the identification of areas of weakness in the application of external impacts affecting the management of road risk and safety
controls. Observations raised during the investigation are currently being addressed by safety teams and improvement notices, and
campaign messages will be issued to all operating 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: #000640"><B>Compliance and anti-corruption
program</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">During Q4 of 2019 we finalized,
as part of our Third Party Management Program, the improvements of our Due Diligence platform and integrated processes, ensuring
enhancement of our risk-based on-boarding screening and ongoing monitoring of our vendors.</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">Accompanying our
company&rsquo;s growth through mergers and acquisitions,&nbsp;we continued working on integrating our Ethics and Compliance
program and related infrastructure into newly acquired entities.</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">We finalized the year celebrating
the 2019 Ethics &amp; Compliance Week, reinforcing the high-level commitment by company leadership to maintain a culture of compliance,
clearly articulated through various events in every country location. Millicom is also proud of being a signatory of the World
Economic Forum's Partnering Against Corruption Initiative, a community where together with like-minded global business leaders
we can inspire and participate in collective anti-corruption action.</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 STYLE="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></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"></P>

<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; 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 February 25, 2020 at 14:00 (Stockholm) / 13:00 (London) / 08:00 (Miami). 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: 14%; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray"><B>Sweden:</B></FONT></TD>
    <TD STYLE="width: 36%; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">+46 (0) 8 5069 2180</FONT></TD>
    <TD STYLE="width: 16%; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray"><B>Luxembourg:</B></FONT></TD>
    <TD STYLE="width: 34%; 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) 20719 28000</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">+1 631 5107 495</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: 2348098</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-left: #44546A 1pt solid; border-bottom: Black 1pt solid; border-right: #44546A 1pt solid"><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><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 and conference call</FONT></TD></TR>
<TR>
    <TD><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><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">April 29</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">Q1 2020 results and conference call</FONT></TD></TR>
<TR>
    <TD><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><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">July 29</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">Q2 2020 results and conference call</FONT></TD></TR>
<TR>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">October 28</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">Q3 2020 results and conference call</FONT></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"><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></TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Investors:</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Vivian Kobeh, Corporate Communications Director</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Michel Morin, VP Investor Relations</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">+1 786 628-5300</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">+1 (786) 628-5270</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">press@millicom.com</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">investors@millicom.com</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</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</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">+1 (786) 628-5303</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">investors@millicom.com</FONT></TD></TR>
</TABLE>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000640"></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: #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, 2019, Millicom operating subsidiaries and joint ventures employed more than
22,000 people and provided mobile services to approximately 52 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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    <TD STYLE="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR>
</TABLE>
<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: rgb(0,6,64)"></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: rgb(0,6,64)">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: rgb(0,6,64)"><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. 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"></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>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" 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: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&bull;</TD><TD>telecommunications usage levels, including traffic and
customer growth;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.25in; 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: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>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>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>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>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>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>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>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>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.&#9;</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>

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    <TD STYLE="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR>
</TABLE>
<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: rgb(0,6,64)"></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: rgb(0,6,64)">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: rgb(0,6,64)"><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. 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: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: rgb(0,6,64)"><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: #001F5F"><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: #001F5F"><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: #001F5F"><B>Proportionate
EBITDA</B></FONT> <FONT STYLE="color: #808285">is the sum of the EBITDA in every country where Millicom operates, including its
Guatemala and Honduras joint ventures, pro rata for Millicom&rsquo;s ownership stake in each country, less corporate costs that
are not allocated to any country 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: #001F5F"><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. Changes in perimeter are the result of acquisitions and divestitures. Results from divested assets are immediately
removed from both periods, whereas the results from acquired assets are included in both periods at the beginning (January 1) of
the first full calendar year of ownership.</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: #001F5F"><B>Net debt</B></FONT>
<FONT STYLE="color: #808285">is Gross debt 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: #001F5F"><B>Net financial
obligations</B></FONT> <FONT STYLE="color: #808285">is Net debt plus lease obligations.</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: #001F5F"><B>Proportionate
net financial obligations</B></FONT> <FONT STYLE="color: #808285">is the sum of the net financial obligations 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: #001F5F"><B>Leverage</B></FONT>
<FONT STYLE="color: #808285">is the ratio of net financial obligations over LTM (last twelve month) EBITDA, proforma for acquisitions
made during the last twelve months.</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: #001F5F"><B>Proportionate
leverage</B></FONT> <FONT STYLE="color: #808285">is the ratio of proportionate net financial obligations over LTM proportionate
EBITDA, proforma for acquisitions made during the last twelve months.</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: #001F5F"><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: #001F5F"><B>Cash Capex</B></FONT>
<FONT STYLE="color: #808285">represents the cash spent in relation to capital expenditure, excluding spectrum and licenses costs
and 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: #001F5F"><B>Operating
Cash Flow (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: #001F5F"><B>Operating
Free Cash Flow</B></FONT> <FONT STYLE="color: #808285">is OCF less changes in working capital and other non-cash items and taxes
paid.</FONT></P>

<P STYLE="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: #001F5F"><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"><FONT STYLE="color: #001F5F"><B>Operating
Profit After Tax</B></FONT> <FONT STYLE="color: #808285">displays the profit generated from the operations of the company after
statutory taxes.</FONT></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: #001F5F"><B>Return on
Invested Capital (ROIC)</B></FONT> <FONT STYLE="color: #808285">is used to assess the Group&rsquo;s efficiency at allocating the
capital under its control to and is defined as Operating Profit After Tax, including Guatemala and Honduras as if fully consolidated,
divided by the average invested Capital during the period.</FONT></P>


<P STYLE="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; text-align: justify"></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="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #001F5F"><B>Average
Invested Capital</B></FONT> <FONT STYLE="color: #808285">is the capital invested in the company operation throughout the year and
is calculated with the average of opening and closing balances of the total assets minus current liabilities (excluding debt, joint
ventures, accrued interests, deferred and current tax, cash as well as investments and non-controlling interests), less assets
and liabilities held for sale.</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: #001F5F"><B>Underlying</B></FONT>
<FONT STYLE="color: #808285">measures, such as</FONT> <FONT STYLE="color: #001F5F"><B>Underlying service revenue</B>, <B>Underlying
EBITDA</B>, <B>Underlying equity free cash flow</B>, <B>Underlying net debt, Underlying leverage,</B></FONT> <FONT STYLE="color: #808285">etc,
include Guatemala and Honduras, as if fully consolidated.</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
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"></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="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR>
</TABLE>
<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></P>

<P STYLE="font: 12pt 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>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 STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>Revenue</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>Service Revenue</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>EBITDA</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><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="padding-right: 2pt; width: 36%; border-left: Black 1pt solid; padding-left: 2pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"><B>Latam Segment ($ millions)</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white">&nbsp;</P></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">A- Current period</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,577</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,381</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,442</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,263</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">648</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">524</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">285</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">178</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">B- Prior year period</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,381</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,407</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,263</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,307</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">524</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">520</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">178</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">184</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">C- Reported growth (A/B)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">14.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.9)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">14.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.3)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">23.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.9%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">60.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.1)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">D- Accounting change impact</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.7%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.7%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">34.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.0%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">E- Change in Perimeter impact</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">14.4%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">15.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">14.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">17.9%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">F- FX impact</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.4)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(7.9)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.4)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(8.6)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.1)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.6)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9.1)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(16.6)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">G- Other</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.1)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.1)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.6)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.7)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">H- Organic Growth (C-D-E-F-G)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.9%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.3%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.7%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10.6%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11.2%</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="padding-right: 2pt; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>Revenue</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>Service Revenue</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>EBITDA</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><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="padding-right: 2pt; vertical-align: bottom; width: 36%; border-left: Black 1pt solid; padding-left: 2pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"><B>Latam Segment ($ millions)</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white">&nbsp;</P></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">A- Current period</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,964</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,485</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,514</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,069</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,443</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,077</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,442</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,124</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">B- Prior year period</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,485</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,441</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,069</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,078</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,077</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,022</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,124</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,116</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">C- Reported growth (A/B)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8.7%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.8%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8.8%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.2)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">17.6%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.7%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">28.3%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.7%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">D- Accounting change impact</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.4%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.8%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">16.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.4%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">E- Change in Perimeter impact</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11.6%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11.9%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">F- FX impact</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(5.2)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(5.1)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(5.2)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(5.3)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(5.0)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.1)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9.2)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.1)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">G- Other</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.1)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.2)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.4%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.4)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.7)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">H- Organic Growth (C-D-E-F-G)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.8%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.3%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8.3%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.2%</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="padding-right: 2pt; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>Revenue</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>Service Revenue</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><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="padding-right: 2pt; width: 34%; border-left: Black 1pt solid; padding-left: 2pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"><B>Africa Segment ($ millions)</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white">&nbsp;</P></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">A- Current period</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">98</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">103</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">98</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">103</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">35</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">25</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">B- Prior year period</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">103</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">103</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">103</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">103</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">25</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">28</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">C- Reported growth (A/B)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.8)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.1)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.8)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.1)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39.4%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(12.3)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">D- Accounting change impact</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.2)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.2)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">35.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.2)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">E- Change in Perimeter impact</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">F- FX impact</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.2)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.3)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.2)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.3)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.3)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.8)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">G- Other</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.1)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.1)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">12.9%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.4)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">H- Organic Growth (C-D-E-F-G)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.7)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.4%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.7)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(8.3)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6.9)%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray"><SUP></SUP></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; color: gray"></P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><SUP>i</SUP></TD><TD><I>Please refer to Note 5 of our Unaudited Interim Condensed
Consolidated Financial Statements for more details on our segments.</I></TD>
</TR></TABLE>

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    <TD STYLE="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR>
</TABLE>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray">&nbsp;</P>

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<TR STYLE="background-color: #000640">
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>Revenue</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>Service Revenue</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><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="padding-right: 2pt; vertical-align: bottom; width: 34%; border-left: Black 1pt solid; border-right: Black 1pt solid; padding-left: 2pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"><B>Africa Segment ($ millions)</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white">&nbsp;</P></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">A- Current period</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">382</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">399</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">382</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">398</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">122</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">102</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">B- Prior year period</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">399</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">385</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">398</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">385</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">102</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">98</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">C- Reported growth (A/B)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.2)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.2)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">19.4%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.3%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">D- Accounting change impact</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.2)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.2)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33.8%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.4)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">E- Change in Perimeter impact</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">F- FX impact</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.4)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.7)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.4)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.7)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.8)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.9)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">G- Other</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.4)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.4)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.3%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.1)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">H- Organic Growth (C-D-E-F-G)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.9)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.7%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.9)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.8%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(19.9)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.7%</FONT></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"><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>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></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="padding-right: 2pt; text-align: left; width: 37%; border-top: black 1pt solid; border-left: black 1pt solid; vertical-align: middle; padding-left: 2pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"><B>Service Revenue ($ millions)</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"></P></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-top: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q4 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-top: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-top: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Organic</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-top: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>FX</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-top: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Perimeter</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-top: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Other</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-top: black 1pt solid; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Reported</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Guatemala</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">317</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">306</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3.7%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3.8%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Colombia</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">358</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">362</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6.3%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(7.6)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">0.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1.2)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Paraguay</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">140</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">154</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1.2)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(7.5)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(8.7)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Honduras</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">139</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">142</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.5)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1.8)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(2.3)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Bolivia</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">156</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">156</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.2)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(0.2)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Panama</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">154</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">17</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1.3%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">El Salvador</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">87</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">91</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4.4)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4.4)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Nicaragua, Costa Rica &amp; Eliminations</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">90</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">34</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">6.8%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(5.1)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: black 1pt solid; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Latam*</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,442</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,263</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2.3%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(3.4)%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>15.1%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>0.2%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: black 1pt solid; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>14.2%</B></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"></P>

<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.Panama performance
in Q4 2018 reflects only the results of the last two weeks of the month of December 2018.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray">&nbsp;&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="padding-right: 2pt; width: 27%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA ($ millions)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Organic</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FX</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Accounting</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Perimeter</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Other</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Reported</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Guatemala</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">185</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">172</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.8%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.4%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.4%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Colombia</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">130</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">118</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(7.6)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10.9%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9.6%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Paraguay</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">72</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">77</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.5)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(7.4)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6.4)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Honduras</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">72</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">76</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9.5)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.7)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(5.6)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Bolivia</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">66</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">62</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.6%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.6%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.2%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Panama</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">73</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">19.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">El Salvador</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">40</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">35</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">13.4%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Nicaragua, Costa Rica &amp; Eliminations</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(21)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.2)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">44.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Latam*</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>648</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>524</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2.0%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(3.1)%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>9.0%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>14.5%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1.1%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>23.5%</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.Panama performance in Q4 2018
reflects only the results of the last two weeks of the month of December 2018.</I></P>

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


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></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="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></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>ARPU reconciliations</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="padding-right: 2pt; width: 60%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Latam Segment - Mobile ARPU Reconciliation</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 19</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 18</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile service revenue ($m)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">859</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">803</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,258</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,214</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Mobile Service revenue ($m) from non Tigo customers ($m) *</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(12)</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(19)</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(65)</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(58)</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile Service revenue ($m) from Tigo customers (A)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">847</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">783</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,192</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,156</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers - end of period (000)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39,846</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33,691</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39,846</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33,691</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers - average (000) (B) **</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39,217</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33,300</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">36,636</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33,186</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Mobile ARPU (USD/Month) (A/B/number of months)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.2</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.8</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.3</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.9</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
full year view it is the average of the last five quarters.</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="padding-right: 2pt; width: 60%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Latam Segment - Home&nbsp;&nbsp;ARPU Reconciliation</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 19</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 18</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home service revenue ($m)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">387</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">313</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,530</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,244</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Home service revenue ($m) from non Tigo customers ($m) *</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(11)</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(9)</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(40)</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(33)</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home service revenue ($m) from Tigo customers</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">376</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">304</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,490</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,210</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Customer Relationships - end of period (000) **</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,341</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,118</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,341</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,118</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Customer Relationships - average (000)&nbsp;&nbsp;***</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,328</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,863</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,242</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,587</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home ARPU (USD/Month) (A/B/12)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">29.0</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">26.2</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">29.3</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">28.1</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>* TV advertising, production services, equipment
rental revenue, call center revenue, equipment sales 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>** Represented by homes connected all techonologies
(HFC + Other Technologies + DTH &amp; Wimax RGUs).</I>&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>*** Average QoQ for the quarterly view and for
full year view it is the average of the last five quarters.</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; color: #000640"><B>One-off Summary</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="padding-right: 2pt; width: 27%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2019 ($ millions)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Revenue</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 49%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Comment</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Africa</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(3)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Tax fine</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Corporate</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Acquisition and integration costs</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(7)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 2pt">&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="padding-right: 2pt; width: 27%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019 ($ millions)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Revenue</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 49%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Comment</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Colombia</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(10)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Litigation and bad debt</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Paraguay</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue accrual and others</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Latam</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(4)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; padding-left: 2pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Africa</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(24)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Regulatory fine and tax audit fine</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Corporate</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(26)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Acquisition and integration costs</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(54)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 2pt">&nbsp;</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>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></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="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></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>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">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #000640">
    <TD COLSPAN="2" STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>Average FX rate (vs. USD)</U></B></FONT></TD>
    <TD COLSPAN="5" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding-right: 2pt; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><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="padding-right: 2pt; vertical-align: top; width: 22%; border-left: Black 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: top; width: 5%; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 7%; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 19</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 7%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 19</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>QoQ</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 7%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 18</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>YoY</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 7%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 19</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 7%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 19</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 7%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>QoQ</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 7%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 18</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>YoY</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: justify; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Bolivia</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">BOB</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.91</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.91</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.91</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="border-left: rgb(0,6,64) 1pt solid; padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.91</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.91</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.91</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: justify; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Colombia</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">COP</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,413</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,348</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.9)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,166</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(7.2)%</FONT></TD>
    <TD STYLE="border-left: rgb(0,6,64) 1pt solid; padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,277</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,462</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.6%</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,250</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.8)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: justify; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Costa Rica</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">CRC</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">578</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">577</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.1)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">599</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.7%</FONT></TD>
    <TD STYLE="border-left: rgb(0,6,64) 1pt solid; padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">576</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">584</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.4%</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">608</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.6%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: justify; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Guatemala</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">GTQ</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.71</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.70</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.1)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.72</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.1%</FONT></TD>
    <TD STYLE="border-left: rgb(0,6,64) 1pt solid; padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.70</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.74</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.74</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.5%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: justify; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Honduras</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">HNL</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">24.72</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">24.64</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.3)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">24.29</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.7)%</FONT></TD>
    <TD STYLE="border-left: rgb(0,6,64) 1pt solid; padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">24.72</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">24.71</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">24.42</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.2)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: justify; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Nicaragua</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NIO</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33.70</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33.33</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.1)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33.12</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.7)%</FONT></TD>
    <TD STYLE="border-left: rgb(0,6,64) 1pt solid; padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33.84</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33.53</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.9)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">32.33</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.5)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: justify; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Paraguay</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">PYG</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,434</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,205</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.5)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,946</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(7.6)%</FONT></TD>
    <TD STYLE="border-left: rgb(0,6,64) 1pt solid; padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,453</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,380</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.1)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,961</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(7.6)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: justify; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Chad</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">XAF</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">588</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">585</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.5)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">588</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.1)%</FONT></TD>
    <TD STYLE="border-left: rgb(0,6,64) 1pt solid; padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">588</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">588</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">580</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.4)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: justify; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Ghana</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">GHS</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.53</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.42</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.0)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.85</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(12.3)%</FONT></TD>
    <TD STYLE="border-left: rgb(0,6,64) 1pt solid; padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.73</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.41</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(5.6)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.82</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(15.9)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Tanzania</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">TZS</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,297</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,306</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.4%</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,294</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.1)%</FONT></TD>
    <TD STYLE="border-left: rgb(0,6,64) 1pt solid; padding-right: 2pt; vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,299</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,294</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.2)%</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,299</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></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"><B>Reconciliation Net financial obligations to
EBITDA to Proportionate net financial obligations to EBITDA as of December&nbsp;31, 2019 and December 31, 2018</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="padding-right: 2pt; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Debt Information - December 31, 2019</B></FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>Financial obligations</U></B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>EBITDA</U></B></FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>Proforma</U></B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="padding-right: 2pt; width: 32%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>$ millions</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Gross</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Cash</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Net</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-left: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 13%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Adjustments*</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-left: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Leverage</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Millicom Group (IFRS)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>7,036</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,166</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5,870</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,530</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Plus: Guatemala</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,172</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">189</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">983</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">748</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Plus: Honduras</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">423</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">40</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">383</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">280</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Less: Corporate Costs</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(36)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Underlying Millicom Group (Non-IFRS)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>8,631</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,395</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>7,236</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,522</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>95</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,617</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2.76x</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Less: 50% Minority Stake in Colombia</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(606)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(107)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(499)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(255)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Less: 45% Minority Stake in Guatemala</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(528)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(85)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(442)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(337)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Less: 33% Minority Stake in Honduras</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(141)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(13)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(128)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(93)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Less: 20% Minority Stake in Panama</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(201)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(12)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(189)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(45)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(13)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Less: 1.5% Minority Stake in Tanzania</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Proportionate Millicom Group (Non-IFRS)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>7,149</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,177</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5,972</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,791</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>82</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,873</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>3.19x</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray"><I>* Proforma adjusted EBITDA
related to mobile acquisitions in Nicaragua and Panama.</I></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="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<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="padding-right: 2pt; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Debt Information - December 31, 2018</B></FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>Financial obligations</U></B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>EBITDA</U></B></FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>Proforma</U></B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="padding-right: 2pt; width: 31%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>$ millions</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Gross</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Cash</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Net</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-left: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 13%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Adjustments*</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-left: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Leverage</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Millicom Group (IFRS)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>4,580</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>529</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>4,051</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,254</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Plus: Guatemala</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">927</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">221</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">706</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">689</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Plus: Honduras</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">383</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">25</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">358</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">268</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Less: Corporate Costs</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(35)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Underlying Millicom Group (Non-IFRS)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5,890</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>775</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5,116</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,176</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>166</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,342</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2.18</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Less: 50% Minority Stake in Colombia</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(508)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(89)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(419)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(247)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Less: 45% Minority Stake in Guatemala</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(417)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(99)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(318)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(310)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Less: 33% Minority Stake in Honduras</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(128)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(8)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(119)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(89)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Less: 20% Minority Stake in Panama</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(52)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(51)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(33)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Less: 15% Minority Stake in Zantel</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(13)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(12)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Proportionate Millicom Group (Non-IFRS)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>4,772</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>576</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>4,197</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,527</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>133</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,660</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2.52</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray"><I>* Proforma adjusted EBITDA
related to Cable Onda acquisition. EBITDA has not been adjusted for disposal of Chad.</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; 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="padding-right: 2pt; width: 32%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 6%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 6%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>2021</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 7%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>2022</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 6%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>2023</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 6%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>2024</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 6%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>2025</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 6%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>2026</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 6%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>2027</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 6%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>2028</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 6%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>2029</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 7%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>&gt;2030</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">International Bonds</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1,011</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">500</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">500</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">300</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">500</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">750</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">600</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>Floating MIC S.A. Sustain. Bond Due 2024*</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">211</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><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-right: 2pt; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>6.875% Comcel&nbsp;&nbsp;$800m Bond Due 2024</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">800</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><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-right: 2pt; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>6.000% MIC S.A. $500m Bond Due 2025</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">500</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><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-right: 2pt; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>6.625% MIC S.A. $500m Bond Due 2026</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">500</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><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-right: 2pt; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>5.875% Telecel $300m Bond Due 2027</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">300</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><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-right: 2pt; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>5.125% MIC S.A. $500m Bond Due 2028</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">500</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><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-right: 2pt; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>6.250% MIC S.A. $750m Bond Due 2029</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">750</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><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-right: 2pt; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>4.500% Cable Onda $600m Bond Due 2030</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">600</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Local Bonds (Colombia &amp; Bolivia)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">115</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">44</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">46</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">109</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">113</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">235</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">110</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">8</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">23</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Bank and DFI</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">107</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">138</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">126</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">436</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">774</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">366</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">28</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">106</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">46</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">125</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">37</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>221</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>182</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>172</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>544</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,899</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,101</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>638</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>408</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>548</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>883</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>659</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><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="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>3.0%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>2.5%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>2.4%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>7.5%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>26.2%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>15.2%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>8.8%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>5.6%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>7.6%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>12.2%</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><I>9.1%</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: gray"><I>* Dollar amount reflects
SEK 2.0 billion principal converted at an exchange rate of 9.47 SEK per USD</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"></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="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></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><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="padding-right: 2pt; width: 48%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>($millions)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q4 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>IFRS16 Impact</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q4 2019 before IFRS 16</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>% change</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Revenue</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,150</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,150</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>980</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>17.3%</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Cost of sales</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(311)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(311)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(277)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">12.3%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Gross profit</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>839</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>839</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>703</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>19.3%</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Operating expenses</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(415)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">42</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(457)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(447)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">2.2%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>EBITDA</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>424</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>42</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>383</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>257</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>49.0%</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Depreciation</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(213)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(30)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(183)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(164)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">11.3%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Amortization</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(84)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(84)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(40)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Share of profit in Guatemala and Honduras</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">42</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">43</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">45</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4.2)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Other operating income (expenses), net</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(41)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(48)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">10</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Operating profit</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>129</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>18</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>111</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>107</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>3.7%</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Net financial expenses</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(152)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(24)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(128)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(90)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">41.1%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Other non-operating income (expenses), net</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">309</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">312</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(46)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><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="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(9)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(9)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(35)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(75.4)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Profit (loss) before tax</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>277</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(10)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>287</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(65)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>NM</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Net tax credit (charge)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(31)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(28)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(45)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(39.1)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><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="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>246</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(14)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>259</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(111)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>NM</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Non-controlling interests</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(20)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">3</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(23)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">17</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Profit (loss) from discontinued operations</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(3)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(3)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><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="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>223</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(11)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>234</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(94)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><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="padding-right: 2pt; width: 48%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>($millions)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>IFRS16 Impact</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>FY 2019 before IFRS 16</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>% change</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Revenue</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>4,336</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>4,336</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>3,946</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>9.9%</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Cost of sales</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1,201)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1,201)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1,117)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.5%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Gross profit</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>3,135</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>3,135</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2,829</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>10.8%</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Operating expenses</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1,604)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">148</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1,753)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1,616)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">8.4%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>EBITDA</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,530</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>148</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,382</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,213</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>13.9%</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Depreciation</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(825)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(109)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(716)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(662)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">8.1%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Amortization</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(275)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(275)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(140)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">95.9%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><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="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">179</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(6)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">185</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">154</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">20.0%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Other operating income (expenses), net</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(34)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">1</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(35)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">75</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Operating profit</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>575</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>35</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>540</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>640</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(15.6)%</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Net financial expenses</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(544)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(72)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(472)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(346)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">36.3%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Other non-operating income (expenses), net</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">227</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(4)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">231</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(39)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><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="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(40)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(40)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(136)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(70.3)%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Profit (loss) before tax</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>218</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(41)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>259</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>119</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>116.9%</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Net tax credit (charge)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(120)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(121)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(112)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">7.6%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><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="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>97</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(40)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>138</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>7</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>NM</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Non-controlling interests</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(5)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">5</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(9)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">16</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Profit (loss) from discontinued operations</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">57</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">57</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(33)</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><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="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>149</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(36)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>185</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(10)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>NM</B></FONT></TD></TR>
</TABLE>

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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="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></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>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="padding-right: 2pt; width: 53%; border-left: Black 1pt solid; border-right: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Capex Reconciliation</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 19</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 18</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Consolidated:</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; padding-left: 2pt; text-indent: 0pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Additions to property, plant and equipment</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">260</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">249</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">719</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">698</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-right: 2pt; text-indent: 0pt; padding-left: 0.125in"><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="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>25</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Additions to licenses and other intangibles</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">75</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">42</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">202</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">158</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-right: 2pt; text-indent: 0pt; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which spectrum and license costs</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>36</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>101</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>66</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Total consolidated additions</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>335</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>291</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>921</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>856</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; border-left: Black 1pt solid; padding-left: 0.125in; text-indent: 0pt"><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="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>13</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5</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="padding-right: 2pt; width: 53%; border-left: Black 1pt solid; border-right: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Latin America Segment</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 19</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 18</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Additions to property, plant and equipment</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">314</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">299</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">879</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">840</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-right: 2pt; text-indent: 0pt; padding-left: 0.125in"><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="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>22</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Additions to licenses and other intangibles</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">113</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">56</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">240</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">200</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-right: 2pt; text-indent: 0pt; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which spectrum and license costs</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>64</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>117</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>64</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Latin America Segment total additions (Underlying)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">427</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">355</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,119</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,040</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Capex excluding spectrum and lease capitalizations</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>363</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>346</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,002</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>954</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="padding-right: 2pt; width: 53%; border-left: Black 1pt solid; border-right: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Africa Segment</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 19</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 18</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Additions to property, plant and equipment</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">20</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">17</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">42</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">30</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-right: 2pt; text-indent: 0pt; padding-left: 0.125in"><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="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Additions to licenses and other intangibles</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">12</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-right: 2pt; text-indent: 0pt; padding-left: 0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which spectrum and license costs</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>12</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Africa Segment total additions</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">20</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">17</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">54</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">30</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Capex excluding spectrum and lease capitalizations</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>20</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>17</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>42</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>30</B></FONT></TD></TR>
</TABLE>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></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="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></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>Equity 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" ALIGN="CENTER" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="padding-right: 2pt; width: 80%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Cash Flow Data</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Net cash provided by operating activities</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">801</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">792</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Purchase of property, plant and equipment</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(736)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(632)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Proceeds from sale of property, plant and equipment</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">24</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">154</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Proceeds from sale of towers part of tower sale and leaseback transactions</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(22)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(142)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Purchase of intangible assets</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(171)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(148)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Proceeds from sale of intangible assets</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">&mdash;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Purchase of spectrum and licenses</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">59</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">61</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Finance charges paid, net</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">470</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">298</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black"><B>Operating free cash flow</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black"><B>425</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black"><B>383</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Interest (paid), net</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(470)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(298)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black"><B>Free cash flow</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black"><B>(45)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black"><B>85</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Dividends received from joint ventures (Guatemala and Honduras)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">237</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">243</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Dividends paid to non-controlling interests</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(13)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">(2)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black"><B>Equity free cash flow</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black"><B>179</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black"><B>326</B></FONT></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"><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="padding-right: 2pt; width: 64%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Cash Flow Data</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 19</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 18</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 9%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net cash provided by operating activities</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>269</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>231</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>801</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>792</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Purchase of property, plant and equipment</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(210)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(188)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(736)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(632)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Proceeds from sale of property, plant and equipment</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">20</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">24</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">154</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Purchase of intangible assets and licenses</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(26)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(171)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(148)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Proceeds from sale of intangible assets</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; vertical-align: bottom; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><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="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(232)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(172)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(882)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(626)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><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="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(13)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(22)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(142)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(Less) Purchase of spectrum and licenses</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">16</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">59</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">61</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(Less) Finance charges paid, net</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">123</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">69</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">470</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">298</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Operating free cash flow</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>173</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>123</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>425</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>383</B></FONT></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"><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="padding-right: 2pt; width: 48%; border-left: Black 1pt solid; border-right: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Latam OCF Underlying</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 13%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 19</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 13%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 18</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 13%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 13%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Latam EBITDA</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">648</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">524</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,443</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,077</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(-) Capex (Ex. Spectrum)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">363</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">346</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,002</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">954</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Latam OCF</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>285</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>178</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,442</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,124</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="padding-right: 2pt; width: 48%; border-left: Black 1pt solid; border-right: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Africa OCF</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 13%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 19</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 13%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 18</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 13%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2019</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 13%; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Africa EBITDA</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">35</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">25</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">122</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">102</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(-) Capex (Ex. Spectrum)</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">20</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">17</FONT></TD>
    <TD STYLE="padding-right: 2pt; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">42</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">30</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Africa OCF</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>15</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>8</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>80</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>72</B></FONT></TD></TR>
</TABLE>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"></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="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></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><I>Guatemala and Honduras Financial Information
(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="padding-right: 2pt; width: 44%; border: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Income statement data Q4 2019</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding-right: 2pt; width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Millicom (IFRS)</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding-right: 2pt; width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Guatemala and Honduras JVs</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding-right: 2pt; width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Eliminations</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding-right: 2pt; width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><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="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>($millions)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Revenue</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,150</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>525</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,674</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Cost of sales</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(311)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(130)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(440)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Gross profit</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>839</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>395</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,234</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Operating expenses</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(415)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(147)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(562)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>EBITDA</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>424</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>247</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>672</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>EBITDA margin</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>36.9%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>47.2%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #44546A">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>40.1%</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Depreciation &amp; amortization</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(297)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(112)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(409)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Share of net profit in joint ventures</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">42</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(42)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other operating income (expenses), net</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(41)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(44)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Operating profit</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>129</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>132</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(42)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>219</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Net financial expenses</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(152)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(22)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(173)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other non-operating income (expenses), net</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">309</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(8)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">301</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Gains (losses) from associates</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) before tax</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>277</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>103</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(42)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>337</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Net tax credit (charge)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(31)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(27)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(58)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) for the period</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>246</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>76</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(42)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>279</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Profit (loss) from discontinued operations</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Non-controlling interests</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(20)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(34)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(54)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net profit (loss) for the period</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>223</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>42</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(42)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>223</B></FONT></TD></TR>
</TABLE>

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    <TD STYLE="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR>
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<P STYLE="margin: 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="padding-right: 2pt; width: 48%; border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"><B>Income statement data FY 2019</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"><B>($millions)</B>&nbsp;</P></TD>
    <TD STYLE="padding-right: 2pt; width: 13%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Millicom (IFRS)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 13%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Guatemala and Honduras JVs</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 13%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Eliminations</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 13%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><B>Underlying (non-IFRS)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Revenue</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>4,336</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2,009</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>6,345</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; border-right: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Cost of sales</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1,201)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(469)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1,670)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; border-right: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Gross profit</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>3,135</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,540</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>4,675</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; border-right: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Operating expenses</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1,604)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(549)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(2,153)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; border-right: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>EBITDA</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>1,530</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>992</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>2,522</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; border-right: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>EBITDA margin</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>35.3%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>49.4%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #44546A">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>39.8%</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; border-right: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Depreciation &amp; amortization</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1,100)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(444)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(1,544)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; border-right: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Share of net profit in joint ventures</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">179</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(179)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; border-right: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Other operating income (expenses), net</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(34)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(8)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(43)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; border-right: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Operating profit</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>575</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>540</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(179)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>936</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; border-right: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Net financial expenses</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(544)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(102)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(647)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; border-right: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Other non-operating income (expenses), net</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">227</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(12)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">215</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; border-right: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Gains (losses) from associates</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(40)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(40)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; border-right: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Profit (loss) before tax</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>218</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>426</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(179)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>464</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; border-right: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Net tax credit (charge)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(120)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(100)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(220)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; border-right: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>Profit (loss) for the period</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>97</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>326</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(179)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>244</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; border-right: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Profit (loss) from discontinued operations</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">57</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">57</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-left: black 1pt solid; border-right: black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">Non-controlling interests</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(5)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(147)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640">(152)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt"><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="padding-right: 2pt; border-bottom: black 1pt solid; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>149</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: black 1pt solid; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>179</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: black 1pt solid; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>(179)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: black 1pt solid; border-right: black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000640"><B>149</B></FONT></TD></TR>
</TABLE>


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<TR STYLE="background-color: #000640">
    <TD STYLE="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR>
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<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="padding-right: 2pt; width: 55%; border: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Balance Sheet data ($ millions)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Millicom IFRS</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Guatemala and Honduras JVs</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 15%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Underlying (non-IFRS)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>ASSETS</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; padding-left: 2pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Intangible assets, net</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,219</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,851</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,069</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Property, plant and equipment, net</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,883</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">929</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,811</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Right of Use Assets</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">977</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">302</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,279</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Investments in joint ventures and associates</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,822</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2,797)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">25</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other non-current assets</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">310</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">172</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">482</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>TOTAL NON-CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>10,210</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,456</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>11,666</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Inventories, net</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">32</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">38</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">70</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Trade receivables, net</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">371</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">76</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">447</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other current assets</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">919</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">333</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,252</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Restricted cash</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">155</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">14</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">169</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Cash and cash equivalents</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,164</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">229</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,393</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>TOTAL CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,641</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>689</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>3,330</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Assets held for sale</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>TOTAL ASSETS</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>12,856</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,145</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>15,001</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; padding-left: 2pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>EQUITY AND LIABILITIES</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; padding-left: 2pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Equity attributable to owners of the Company</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,410</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(41)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,369</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Non-controlling interests</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">271</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">589</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">859</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>TOTAL EQUITY</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,680</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>548</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>3,228</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Debt and financing</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,753</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,535</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8,288</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other non-current liabilities</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,017</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(188)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">829</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>TOTAL NON-CURRENT LIABILITIES</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>7,770</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,347</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>9,117</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Debt and financing</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">283</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">60</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">343</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other current liabilities</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,124</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">190</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,313</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>TOTAL CURRENT LIABILITIES</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,406</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>250</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,656</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Liabilities directly associated with assets held for sale</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>TOTAL LIABILITIES</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>10,176</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,597</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>11,773</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>TOTAL EQUITY AND LIABILITIES</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>12,856</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,145</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>15,001</B></FONT></TD></TR>
</TABLE>

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<P STYLE="margin: 0"></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="padding: 6pt; width: 59%">
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Earnings Release</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF"><B>Q4 2019</B>&nbsp;</P></TD>
    <TD STYLE="padding: 6pt; text-align: center; width: 41%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR>
</TABLE>
<P STYLE="margin: 0"></P>

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

<P STYLE="margin: 0"></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="padding-right: 2pt; width: 63%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; text-indent: 0pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"><B>Cash Flow Data - FY 2019</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"><B>($millions)</B>&nbsp;</P></TD>
    <TD STYLE="padding-right: 2pt; width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Millicom IFRS</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 14%; border-top: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Guatemala and Honduras JVs</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Underlying (non-IFRS)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) before taxes from continuing operations</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>218</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>247</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-top: Black 1pt solid; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>464</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-right: 2pt; text-indent: 0pt; padding-left: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Profit (loss) for the period from discontinued operations</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">59</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">59</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-right: 2pt; text-indent: 0pt; padding-left: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) before taxes</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>276</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>247</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>523</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-right: 2pt; text-indent: 0pt; padding-left: 0.25in"><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="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>801</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>782</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,583</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-right: 2pt; text-indent: 0pt; padding-left: 0.25in"><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="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(1,502)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(544)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(2,046)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 2pt; text-indent: 0pt"><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="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,355</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(251)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,104</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Exchange impact on cash and cash equivalents, net</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(8)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(8)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net (decrease) increase in cash and cash equivalents</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>645</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(12)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>633</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Cash and cash equivalents at the beginning of the period</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">528</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">241</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">769</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Effect of cash in disposal group held for sale</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9)</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; padding-left: 2pt; text-indent: 0pt"><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="padding-right: 2pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,164</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>229</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; text-align: center; padding-left: 2pt; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,393</B></FONT></TD></TR>
</TABLE>
<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: #000640">&nbsp;</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 12:00 CET on February&nbsp;25, 2020.</I></FONT></P>

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


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

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

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

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

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

<P STYLE="font: 36pt Times New Roman, Times, Serif; margin: 0pt 68pt 0pt 0; color: #003A66"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
Interim</B></FONT></P>

<P STYLE="font: 36pt Times New Roman, Times, Serif; margin: 0pt 68pt 0pt 0; color: #003A66"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Condensed Consolidated</B></FONT></P>

<P STYLE="font: 36pt Times New Roman, Times, Serif; margin: 0pt 68pt 0pt 0; color: #003A66"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Financial Statements</B></FONT></P>

<P STYLE="font: 36pt Times New Roman, Times, Serif; margin: 0pt 68pt 0pt 0; color: #003A66"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 68pt 0pt 0; color: #003A66"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended</B></FONT></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 68pt 0pt 0; color: #003A66"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>December&nbsp;31, 2019</B></FONT></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 68pt 0pt 0; color: #003A66"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">February&nbsp;25,
2020</FONT></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>


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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 14pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; width: 59%; text-align: left; padding-bottom: 6pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; width: 41%; padding-bottom: 6pt"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><B>Unaudited interim condensed consolidated
statements of income for the three and twelve-month periods ended December&nbsp;31, 2019</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border-top: gray 1pt solid; vertical-align: bottom; width: 42%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; vertical-align: bottom; width: 6%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Notes</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; width: 13%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Twelve months ended December 31, 2019</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; width: 13%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Twelve months ended December 31, 2018 (i)</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; width: 13%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended December 31, 2019</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; width: 13%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended December 31, 2018 (i)</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Revenue</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4,336</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3,946</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,150</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">980</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cost of sales</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1,201)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1,117)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(311)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(277)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Gross profit</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>3,135</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,829</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>839</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>703</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Operating expenses</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1,604)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1,616)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(415)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(447)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Depreciation</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(825)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(662)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(213)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(164)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Amortization</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(275)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(140)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(84)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(40)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; 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-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">14</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">179</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">154</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">42</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">45</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other operating income (expenses), net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(34)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">75</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(41)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Operating profit</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>5</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>575</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>640</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>129</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>107</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Interest and other financial expenses</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2, 10</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(564)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(367)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(157)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(98)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Interest and other financial income</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">20</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">21</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">7</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other non-operating (expenses) income, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">6</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">227</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(39)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">309</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(46)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; 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: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(40)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(136)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(9)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(35)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; 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: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>218</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>119</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>277</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(65)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Charge for taxes, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(120)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(112)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(31)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(45)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Profit (loss) for the year from continuing operations</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">97</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">7</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">246</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(111)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Profit (loss) from discontinued operations, net of tax</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">57</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(33)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(3)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Net profit (loss) for the year</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>154</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(26)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>242</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(111)</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; 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">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">The owners of&nbsp;&nbsp;Millicom</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">149</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(10)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">223</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(94)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Non-controlling interests</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(16)</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">20</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(17)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; 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">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Basic ($)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">7</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1.48</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(0.10)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2.20</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(0.94)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Diluted ($)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">7</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1.48</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(0.10)</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2.20</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(0.94)</FONT></TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>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></TD>
</TR></TABLE>

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

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

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


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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><B>Unaudited interim condensed consolidated
statements of comprehensive income for the three and twelve-month periods ended December&nbsp;31, 2019</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 48%; border-top: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 13%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Twelve months ended December 31, 2019</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Twelve months ended December 31, 2018 (i)</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended December 31, 2019</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended December 31, 2018 (i)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Net profit for the period</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">154</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(26)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">242</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(111)</FONT>&#9;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Other comprehensive income (to be reclassified to statement of income in subsequent periods), net of tax:</B></FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Exchange differences on translating foreign operations</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(4)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(81)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">32</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(62)</FONT>&#9;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Change in value of cash flow hedges, net of tax effects</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(16)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1)</FONT>&#9;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Other comprehensive income (not to be reclassified to statement of income in subsequent periods), net of tax:</B></FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Remeasurements of post-employment benefit obligations, net of tax effects</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total comprehensive income (loss) for the year</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>133</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(108)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>276</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(172)</B></FONT>&#9;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Attributable to</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Owners of the Company</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">131</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(78)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">274</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(140)</FONT>&#9;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Non-controlling interests</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(30)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(32)</FONT>&#9;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: gray 1pt solid; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total comprehensive income for the period arises from:</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Continuing operations</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">76</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(102)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">279</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(172)</FONT>&#9;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Discontinued operations</FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">57</FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(7)</FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(3)</FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>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></TD>
</TR></TABLE>

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

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

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


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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><B>Unaudited interim condensed consolidated
statement of financial position as at December&nbsp;31, 2019</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 68%; border-top: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 6%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Notes</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 13%; border-top: gray 1pt solid; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>December 31,</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2019</B></FONT></P></TD>
    <TD STYLE="vertical-align: bottom; width: 13%; border-top: gray 1pt solid; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>December 31,</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2018 (i) (ii)</B></FONT></P></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>NON-CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Intangible assets, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">9</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3,219</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,346</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Property, plant and equipment, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">8</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,883</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3,071</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Right of use assets</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">977</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Investments in joint ventures</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">14</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,797</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,867</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Investments in associates</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">15</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">25</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">169</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Contract costs, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Deferred tax assets</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">200</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">202</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other non-current assets</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">12</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">104</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">126</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>TOTAL NON-CURRENT ASSETS</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>10,210</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>8,785</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Inventories</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">32</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">39</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Trade receivables, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">371</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">343</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Contract assets, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">41</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">37</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; 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-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">12</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">29</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">34</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Prepayments and accrued income</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">156</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">129</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Current income tax assets</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">119</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">108</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Supplier advances for capital expenditure</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">22</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">25</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Equity investments</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">15</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">371</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other current assets</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">181</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">124</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Restricted cash</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">155</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">158</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cash and cash equivalents</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,164</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">528</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>TOTAL CURRENT ASSETS</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,641</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,525</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Assets held for sale</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; 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-family: Times New Roman, Times, Serif; font-size: 10pt; 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: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>12,856</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>10,313</B></FONT>&#9;</TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>Not restated for the application of IFRS 16 as the
Group elected the modified retrospective approach (see note 2)</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>Restated after finalization of the Cable Onda purchase
accounting see note 3.</I></TD>
</TR></TABLE>

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

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

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


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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><B>Unaudited interim condensed consolidated
statement of financial position as at December&nbsp;31, 2019 (continued)</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 68%; border-top: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Notes</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>December 31,</B></FONT></P>
                                                                           <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2019</B></FONT></P></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>December 31,</B></FONT></P>
                                                                           <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2018 (i) (ii)</B></FONT></P></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>EQUITY AND LIABILITIES</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>EQUITY</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Share capital and premium</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">633</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">635</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Treasury shares</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(51)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(81)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other reserves</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(544)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(538)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Retained profits</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,222</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,535</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Profit (loss) for the year attributable to equity holders</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">149</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(10)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Equity attributable to owners of the Company</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,410</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,542</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Non-controlling interests</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">271</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">251</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>TOTAL EQUITY</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,680</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,792</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>LIABILITIES</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>NON-CURRENT LIABILITIES</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Debt and financing</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5,786</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4,123</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Lease liabilities</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">967</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Derivative financial instruments</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">13</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">17</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; 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-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">12</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">337</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">135</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Provisions and other non-current liabilities</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">383</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">351</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Deferred tax liabilities</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">279</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">236</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>TOTAL NON-CURRENT LIABILITIES</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>7,770</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>4,845</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>CURRENT LIABILITIES</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Debt and financing</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">186</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">458</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Lease liabilities</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">97</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Put option liability</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">264</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">239</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Derivative financial instruments</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Payables and accruals for capital expenditure</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">348</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">335</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other trade payables</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">289</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">282</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; 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-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">12</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">161</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">348</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Accrued interest and other expenses</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">432</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">381</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Current income tax liabilities</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">75</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">55</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Contract liabilities</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">82</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">87</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Provisions and other current liabilities</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">474</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">492</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>TOTAL CURRENT LIABILITIES</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,406</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,676</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>TOTAL LIABILITIES</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>10,176</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>7,521</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; 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: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>12,856</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>10,313</B></FONT>&#9;</TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>Not restated for the application of IFRS 16 as the
Group elected the modified retrospective approach (see note 2)</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>The consolidated statement of financial position at
December&nbsp;31, 2018 has been restated after finalization of the Cable Onda purchase accounting (see note 3).</I></TD>
</TR></TABLE>

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

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

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


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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><B>Unaudited interim condensed consolidated
statement of cash flows for the twelve-month period ended December&nbsp;31, 2019</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 68%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD STYLE="width: 6%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Notes</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 13%; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>December 31,</B></FONT></P>
                                                                    <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2019</B></FONT></P></TD>
    <TD STYLE="vertical-align: top; width: 13%; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>December 31,</B></FONT></P>
                                                                    <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2018 (i)</B></FONT></P></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Cash flows from operating activities (including discontinued operations)</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Profit before taxes from continuing operations</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">218</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">119</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 14pt; text-indent: -14pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Profit (loss) before taxes from discontinued operations</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">59</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(29)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Profit before taxes</B></FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>276</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>91</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Adjustments to reconcile to net cash:</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-left: 14pt; text-indent: -14pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(Finance) Lease interest expense</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">157</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">91</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 14pt; text-indent: -14pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Financial interest expense</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">408</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">282</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="padding-left: 14pt; text-indent: -14pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Interest and other financial income</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(20)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(21)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Adjustments for non-cash items:</B></FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Depreciation and amortization</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,111</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">830</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Share of profit in Guatemala and Honduras joint ventures</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(179)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(154)</FONT>&#9;</TD></TR>
<TR>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(Gain) on disposal and impairment of assets, net</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(40)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(37)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Share based compensation</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">30</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">22</FONT>&#9;</TD></TR>
<TR>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Transaction costs assumed by Cable Onda</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">30</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Loss from other joint ventures and associates,net</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">40</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">136</FONT>&#9;</TD></TR>
<TR>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other non-cash non-operating (income) expenses, net</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(227)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">40</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Changes in working capital:</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-left: 8pt; text-indent: -8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Decrease (increase) in trade receivables, prepayments and other current assets,net</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(119)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(128)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 8pt; text-indent: -8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Decrease in inventories</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">11</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="padding-left: 8pt; text-indent: -8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Increase (decrease) in trade and other payables, net</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(61)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">69</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Changes in contract assets, liabilities and costs, net</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(9)</FONT>&#9;</TD></TR>
<TR>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total changes in working capital</B></FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(172)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(66)</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Interest paid on (finance) leases</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(141)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(89)</FONT>&#9;</TD></TR>
<TR>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Interest paid on debt and other financing</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(344)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(229)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Interest received</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">15</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">20</FONT>&#9;</TD></TR>
<TR>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Taxes (paid)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(114)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(153)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Net cash provided by operating activities</B></FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>801</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>792</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Cash flows from (used in) investing activities (including discontinued operations):</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 8pt; text-indent: -8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Acquisition of subsidiaries, joint ventures and associates, net of cash acquired</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1,014)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(953)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="padding-left: 4pt; text-indent: -4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Proceeds from disposal of subsidiaries and associates, net of cash disposed</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">111</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">176</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Purchase of intangible assets and licenses</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">9</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(171)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(148)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Proceeds from sale of intangible assets</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Purchase of property, plant and equipment</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">8</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(736)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(632)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Proceeds from sale of property, plant and equipment</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">8</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">24</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">154</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Proceeds from disposal of equity investment, net of costs</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">25</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Dividends received from joint ventures</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">14</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">237</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">243</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Settlement of financial derivative instruments</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">13</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(63)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cash (used in) provided by other investing activities, net</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">20</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">24</FONT>&#9;</TD></TR>
</TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="width: 68%; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Net cash used in investing activities</B></FONT>&#9;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 13%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(1,502)</B></FONT>&#9;</TD>
    <TD STYLE="width: 13%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(1,199)</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Cash flows from financing activities (including discontinued operations):</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Proceeds from debt and other financing</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,900</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,155</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Repayment of debt and other financing</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1,157)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(530)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(Finance) Lease capital repayment</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(107)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(17)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Advances for, and dividends paid to non-controlling interests</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(13)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Dividends paid to owners of the Company</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(268)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(266)</FONT>&#9;</TD></TR>
<TR>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Net cash provided by (used in) financing activities</B></FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,355</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>341</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Exchange impact on cash and cash equivalents,net</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(8)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(33)</FONT>&#9;</TD></TR>
<TR>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Net (decrease) increase in cash and cash equivalents</B></FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>645</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(98)</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 4pt; text-indent: -4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cash and cash equivalents at the beginning of the year</FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">528</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">619</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="padding-left: 4pt; text-indent: -4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Effect of cash in disposal group held for sale</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(9)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">6</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Cash and cash equivalents at the end of the year</B></FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,164</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>528</B></FONT>&#9;</TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>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></TD>
</TR></TABLE>

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

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

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


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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><B>Unaudited interim condensed consolidated
statements of changes in equity for the periods ended December&nbsp;31, 2019 and 2018</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: gray 1pt solid; text-align: left; padding-right: 2pt; width: 26%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; color: #003A66"><B>$&nbsp;millions</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 7%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; color: #003A66"><B>Number
    of shares (000&rsquo;s)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 7%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; color: #003A66"><B>Number
    of shares held by the Group (000&rsquo;s)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 6%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; color: #003A66"><B>Share
    capital</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 7%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; color: #003A66"><B>Share
    premium</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; color: #003A66"><B>Treasury
    shares</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; color: #003A66"><B>Retained
    profits(i)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 8%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; color: #003A66"><B>Other
    reserves</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 6%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; color: #003A66"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 10%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; color: #003A66"><B>Non-
    controlling interests</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 7%; border-top: gray 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; color: #003A66"><B>Total
    equity</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Balance on December 31, 2017</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>101,739</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(1,195)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>153</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>484</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(106)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>3,035</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(472)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>3,096</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>185</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>3,281</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Adjustment on adoption of IFRS 15 and IFRS 9 (net of tax) (vi)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(4)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; 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-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Total comprehensive income for the year</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(10)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(68)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(78)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(30)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(108)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Dividends (ii)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(266)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(266)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; 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-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Dividends to non controlling interest</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(13)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(13)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Purchase of treasury shares</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(70)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(6)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(6)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; 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-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Share based compensation</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">22</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">22</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">22</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Issuance of shares under share-based payment schemes</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">351</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">31</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(5)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(22)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Effect of acquisition of Cable Onda (iv)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">113</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">113</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Put option reserve</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(239)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(239)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(239)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Balance on December 31, 2018</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>101,739</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(914)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>153</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>482</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(81)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,525</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(538)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,542</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>251</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,792</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Total comprehensive income for the year</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">149</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(19)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">131</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">133</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Dividends (iii)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(267)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(267)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(267)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Dividends to non controlling interest</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; 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-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Purchase of treasury shares</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(132)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(12)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(8)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(8)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Share based compensation</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">29</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">29</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">30</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Issuance of shares under share-based payment schemes</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">465</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">41</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(12)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(25)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Effect of restructuring in Tanzania(v)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(27)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">9</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(18)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">18</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Balance on December 31, 2019</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>101,739</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(581)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>153</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>480</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(51)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,372</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(544)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,409</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>271</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,680</B></FONT>&#9;</TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><I>(i)</I></TD><TD><I>Retained profits &ndash; includes profit for the year attributable to equity holders, of which $306 million (2018: $324
million; 2017: $345 million) are not distributable to equity holders.</I></TD></TR></TABLE>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><I>(iii)</I></TD><TD><I>Dividends - A dividend distribution of $2.64 per share was approved by the Annual General Meeting of shareholders on May
2, 2019 and paid in equal portions in May and November 2019.</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><I>(iv)</I></TD><TD><I>Effect of the acquisition of Cable Onda S.A.. See note 3. for further details. The consolidated statement of changes in
equity at December&nbsp;31, 2018 has been restated after finalization of the Cable Onda purchase accounting.</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><I>(v)</I></TD><TD><I>Effect of the restructuring in Tanzania. See note 3.</I></TD></TR></TABLE>

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

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

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>Notes to the unaudited interim condensed
consolidated statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>1. ORGANIZATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On November 14, 2019, Millicom's historical
principal shareholder, Kinnevik AB, distributed its entire (approximately 37% of Millicom's outstanding shares) shareholding in
Millicom to its own shareholders through a share redemption plan. Since that date, Kinnevik is no longer a related party or shareholder
in Millicom.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On February&nbsp;24, 2020, the Board of Directors
authorized these unaudited interim condensed consolidated financial statements for issuance.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>2. SUMMARY OF CONSOLIDATION AND ACCOUNTING
POLICIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

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

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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>IFRS 16 &quot;Leases&quot;. The Group had to change its accounting policies as a result of adopting IFRS 16 Leases.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On adoption, on January 1, 2019, an additional
lease liability of $545 million was recognized. The application of the new standard decreased operating expenses by $41 million
and $149 million, respectively, as compared to what our results would have been if we had continued to follow IAS 17 for the three
and twelve months ended December&nbsp;31, 2019. The impact of the adoption of the leasing standard and the new accounting policies
are further explained below. The application of this standard also affects the Group&rsquo;s depreciation, operating and financial
expenses, debt and other financing and leverage ratios. The change in presentation of operating lease expenses results in a corresponding
increase in cash flows derived from operating activities and a decline in cash flows from financing activities.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>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 Times New Roman, Times, Serif">&nbsp;</P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">IFRIC 23 &quot;Uncertainty over Income Tax Treatments&quot; 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 Times New Roman, Times, Serif">&nbsp;</P>

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

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

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

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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Amendments to the conceptual framework. The IASB has revised its conceptual framework. The Group does not expect these amendments
to have a material impact on the consolidated financial statements.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Amendments to IFRS 3 - definition of a business. 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 Times New Roman, Times, Serif">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>2. SUMMARY OF CONSOLIDATION AND ACCOUNTING
POLICIES (CONTINUED)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Amendments to IFRS 9, IAS 39 and IFRS 7 - Interest Rate Benchmark Reform. The Group is currently assessing the impact of these
amendments on the consolidated financial statements.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Amendments to IAS 1, &lsquo;Presentation of financial statements&rsquo;, and IAS 8, &lsquo;Accounting policies, changes in
accounting estimates and errors&rsquo;. The Group does not expect these amendments to have a material impact on the consolidated
financial statements.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>IFRS 17, &lsquo;Insurance contracts&rsquo;. IFRS 17 will not have an impact for the Group. IFRS 17 has not been yet endorsed
by the EU.</TD></TR></TABLE>

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

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

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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">a)</TD><TD>Adjustments recognized on adoption of IFRS 16</TD></TR></TABLE>

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 87%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>$&nbsp;millions</B></FONT></TD>
    <TD STYLE="width: 13%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2019</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Operating lease commitments disclosed as at December 31, 2018</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>801</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(Plus): Non lease components obligations</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">57</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(Less): Short term leases recognized on a straight line basis as an expense</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(3)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(Less): Low value leases recognized on a straight line basis as an expense</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(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: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(17)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(Plus/Less): Other</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(9)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Gross lease liabilities</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>828</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Discounted using the lessee's incremental borrowing rate at the date of the initial application</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(283)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Incremental lease liabilities recognized at January 1, 2019</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>545</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(Plus): Finance lease liabilities recognized at December 31, 2018</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">353</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Lease liabilities recognized at January 1, 2019</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>898</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Of which are:</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Current lease liabilities</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">86</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Non-current lease liabilities</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">812</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>2. SUMMARY OF CONSOLIDATION AND ACCOUNTING
POLICIES (CONTINUED)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>FINANCIAL POSITION<BR>
$&nbsp;millions</B></FONT></TD>
    <TD STYLE="width: 13%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>As at January&nbsp;1, 2019 before application</B></FONT></TD>
    <TD STYLE="width: 13%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Effect of&nbsp;&nbsp;adoption of IFRS 16</B></FONT></TD>
    <TD STYLE="width: 13%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>As at January&nbsp;1, 2019 after application</B></FONT></TD>
    <TD STYLE="width: 13%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Reason for the change</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Property, plant and equipment, net</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3,071</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(307)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,764</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(i)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Right-of-use asset (non-current) NEW</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">856</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">856</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(ii)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Prepayments</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">129</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(6)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">123</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(iii)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>LIABILITIES</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Lease liabilities (non-current) NEW</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">812</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">812</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(iv)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Debt and other financing (non-current)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4,123</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(337)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3,786</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(v)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Lease liabilities (current) NEW</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">86</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">86</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(iv)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Debt and other financing (current)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">458</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(16)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">442</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(v)</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other current liabilities</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">492</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">490</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(vi)</FONT>&#9;</TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>Transfer of previously capitalized assets under finance
leases to Right-of-Use assets.</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>Initial recognition of Right-of-Use assets, transfer
of previously recognized finance leases and of lease prepayments to the Right-of-Use asset cost at transition.</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>(iii)</I></TD><TD><I>Transfer of lease prepayments to the Right-of-Use
asset cost at transition.</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>(iv)</I></TD><TD><I>Initial recognition of lease liabilities and transfer
of previously recognized finance lease liabilities.</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>(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 Times New Roman, Times, Serif; margin: 0pt 0; color: #808285; text-indent: 0.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>(vi)</I></TD><TD><I>Reclassification of provisions for onerous contracts
to Right-of-Use assets.</I></TD>
</TR></TABLE>

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

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

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

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

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

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

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

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

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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">b)</TD><TD>Policies applied to lease accounting from January 1, 2019 are as follows:</TD></TR></TABLE>

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

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

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>2. SUMMARY OF CONSOLIDATION AND ACCOUNTING
POLICIES (CONTINUED)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Non-lease components are capitalized (IFRS16.15)</FONT></TD></TR></TABLE>

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

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

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

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


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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>2. SUMMARY OF CONSOLIDATION AND ACCOUNTING
POLICIES (CONTINUED)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">Under IFRS 16, the accounting of sale and leaseback
transactions has changed as the underlying sale transaction needs to be first 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 Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>3. ACQUISITION AND DISPOSAL OF SUBSIDIARIES,
JOINT VENTURES, ASSOCIATES AND OTHER NON-CONTROLLING INTERESTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On February 20, 2019, MIC S.A., Telefonica Centroamerica
and Telefonica S.A. entered into 3 separate share purchase agreements (the &ldquo;Telefonica CAM Acquisitions&rdquo;) pursuant
to which, subject to the terms and conditions contained therein, Millicom agreed to purchase 100% of the shares of Telefonica Moviles
Panama, S.A., a company incorporated under the laws of Panama, from Telefonica Centroamerica (the &ldquo;Panama Acquisition&rdquo;),
100% of the shares of Telefonica de Costa Rica TC, S.A., a company incorporated under the laws of Costa Rica, from Telefonica (the
&ldquo;Costa Rica Acquisition&rdquo;) and 100% of the shares of Telefonia Celular de Nicaragua, S.A., a company incorporated under
the laws of Nicaragua, from Telefonica Centroamerica (the &ldquo;Nicaragua Acquisition&rdquo;). The Telefonica CAM Acquisitions
Share Purchase Agreements contain customary representations and warranties and termination provisions. The Costa Rica Acquisition
is still subject to regulatory approvals and is expected to close in H1 2020.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">Acquisition related costs for Nicaragua and
Panama acquisitions included in the statement of income under operating expenses were approximately $16 million for the year.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">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 an original cash consideration of $437 million, provisionally adjusted to $430
million as of December&nbsp;31, 2019 and still subject to final price adjustment expected in Q1 2020. The purchase consideration
also includes potential indemnifications from the sellers (including tax and litigation contingencies). For the purchase accounting,
Millicom determined the provisional fair values of Nicaragua's identifiable assets and liabilities based on transaction and relative
fair values. The purchase accounting is still provisional at December&nbsp;31, 2019, particularly in respect of final price adjustment.
Management expects to finalize the purchase accounting in Q1 2020.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The provisional purchase accounting as at December&nbsp;31,
2019 is as follows:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 73%; border-top: #828282 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 27%; border-top: #828282 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Provisional Fair values (100%)</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(US$ millions)</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Intangible assets (excluding goodwill) (i)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">131</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Property, plant and equipment (ii)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">149</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Right of use assets (iii)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">131</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other non-current assets</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Current assets (excluding cash) (iv)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">23</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Trade receivables (v)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">17</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cash and cash equivalents</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">7</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total assets acquired</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>459</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Lease liabilities (iii)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">131</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other liabilities (vi)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">118</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total liabilities assumed</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>249</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Fair value of assets acquired and liabilities assumed, net</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>210</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Acquisition price</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">430</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Provisional Goodwill</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>220</B></FONT>&#9;</TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>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="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>A fair value step-up of $39 million has been recognized
on property, plant and equipment, mainly on the core network ($25 million) and owned buildings ($8 million). The expected remaining
useful lives were estimated at 6-7 years on average.</I></TD>
</TR></TABLE>

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


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<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>3. ACQUISITION AND DISPOSAL OF SUBSIDIARIES,
JOINT VENTURES, ASSOCIATES AND OTHER NON-CONTROLLING INTERESTS (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>(iii)</I></TD><TD><I>The Group measured the lease liability at the present
value of the remaining lease payments (as defined in IFRS 16) as if the acquired lease were a new lease at the acquisition date.
The right-of-use assets have been adjusted by $7 million to be measured at the same amount as the lease liabilities.</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>(iv)</I></TD><TD><I>Current assets include indemnification assets for
tax contingencies at fair value for an amount of $11 million - see (v) below.</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>(v)</I></TD><TD><I>The fair value of trade receivables acquired was $17
million.</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>(vi)</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 $50 million resulting from the above adjustments</I></TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The goodwill is currently not expected to be
tax deductible, and is attributable to expected synergies and convergence with our legacy fixed business in the country, as well
as to the fair value of the assembled work force. For convenience purposes, the acquisition date was set on May 1, 2019 as there
were no material transactions from this date to May 16, 2019. From May 1, 2019 to December&nbsp;31, 2019, Nicaragua contributed
$144 million of revenue and a net profit of $5 million to the Group. If the acquisition had occurred on January 1, 2019 incremental
revenue for the year ended December&nbsp;31, 2019 for the Group would have been $219 million and incremental net loss for that
period would have been $16 million, including amortization of assets not previously recognized of $12 million (net of tax).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">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 an original cash consideration
of $594 million to acquire 100% of the shares of Panama, subject to a final price adjustment expected in Q1 2020. The purchase
consideration also includes potential indemnifications from the sellers (including potential tax contingencies and litigations).
For the purchase accounting, Millicom determined the fair value of Panama's identifiable assets and liabilities based on transaction
and relative fair values. The purchase accounting is still provisional at December&nbsp;31, 2019, particularly in respect of the
evaluation of property, plant and equipment, right-of-use assets and lease liabilities, and tax contingencies. Management expects
to finalize the purchase accounting during the first half of 2020. No non-controlling interests are recognized at acquisition date
as Cable Onda acquired 100% of the shares of Panama. Though, non-controlling interests are recognized in Panama's results from
the date of acquisition.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The provisional purchase accounting as at December&nbsp;31,
2019 is as follows:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 69%; border-top: #828282 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 31%; border-top: #828282 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Provisional Fair values (100%)</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(US$ millions)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Intangible assets (excluding goodwill) (i)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">169</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Property, plant and equipment</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">110</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Right of use assets</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">57</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other non-current assets</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Current assets (excluding cash)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">23</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Trade receivables (ii)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">21</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cash and cash equivalents</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total assets acquired</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>391</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Lease liabilities</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">48</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other debt and financing</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">74</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other liabilities (iii)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">101</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total liabilities assumed</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>224</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Fair value of assets acquired and liabilities assumed, net</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">167</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Acquisition price</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">594</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Provisional Goodwill</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>426</B></FONT>&#9;</TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>Intangible assets not previously recognized at the
date of acquisition, are mainly customer lists for an amount of $58 million, with estimated useful lives ranging from 3 to 17
years. In addition, a fair value step-up of $3 million on the spectrum held by Panama has been recognized, with a remaining useful
life of 17 years.</I></TD>
</TR></TABLE>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>3. ACQUISITION AND DISPOSAL OF SUBSIDIARIES,
JOINT VENTURES, ASSOCIATES AND OTHER NON-CONTROLLING INTERESTS (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>The fair value of trade receivables acquired was $21
million.</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>(iii)</I></TD><TD><I>Other liabilities include a deferred tax liability
of $15 million resulting from the above adjustments</I></TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The goodwill is currently not expected to be
tax deductible and is attributable to expected synergies and convergence with Cable Onda, as well as to the fair value of the assembled
work force. For convenience purposes, the acquisition date was set on September 1, 2019. From September 1, 2019 to December&nbsp;31,
2019, Panama contributed $80 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 twelve-month period ended December&nbsp;31, 2019 for the Group would have been $158 million
and incremental net profit for that period would have been $1 million, including amortization of assets not previously recognized
of $3 million (net of tax).</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">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 exercise has been
finalized in December 2019. The main adjustments compared to the provisional fair values relate to the final valuation of the property,
plant and equipment for a net increase of $30 million, as well as its related impact on the customer list fair value (a decrease
of $20 million) and deferred tax liabilities (net increase of $3 million). The remaining adjustments are linked to reassessment
of contingent liabilities and corresponding indemnification assets. As a result, goodwill decreased by $8 million as follows:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 61%; border-top: #828282 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 13%; border-top: #828282 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Provisional Fair values (100%)</B></FONT>&#9;</TD>
    <TD STYLE="width: 13%; border-top: #828282 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Final Fair values (100%)</B></FONT>&#9;</TD>
    <TD STYLE="width: 13%; border-top: #828282 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Changes</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(US$ millions)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(US$ millions)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(US$ millions)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Intangible assets (excluding goodwill) (i)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">673</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">653</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(20)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Property, plant and equipment (ii)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">348</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">378</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">30</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Current assets (excluding cash)(iii)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">54</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">50</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(4)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cash and cash equivalents</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">12</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">12</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total assets acquired</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,088</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,094</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>6</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Non-current liabilities(iv)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">422</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">425</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Current liabilities</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">141</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">134</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(7)</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total liabilities assumed</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>563</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>559</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(4)</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Fair value of assets acquired and liabilities assumed, net</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>525</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>535</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>10</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Transaction costs assumed by Cable Onda (v)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">30</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">30</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Fair value of non-controlling interest in Cable Onda (20%)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">111</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">113</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Millicom&rsquo;s interest in the fair value of Cable Onda (80%)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">444</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">452</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">8</FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Acquisition price</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>956</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>956</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Final Goodwill</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>512</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>504</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(8)</B></FONT>&#9;</TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>Intangible assets not previously recognized (or partially
recognized as a result of previous acquisitions) are trademarks for an amount of $280 million, with estimated useful lives of
3 years, a customer list for an amount of $350 million, with estimated useful life of 20 years and favorable content contracts
for $19 million, with a useful life of 10 years.</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>A net fair value step-up of $30 million has been recognized
on property, plant and equipment, mainly on the core network ($11 million). The expected remaining useful lives were estimated
at 5 years on average.</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>(iii)</I></TD><TD><I>Current assets include trade receivables amounting
to a fair value of $34 million.</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>(iv)</I></TD><TD><I>Non-current liabilities include the deferred tax liability
of $161 million resulting from the above adjustments.</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>(v)</I></TD><TD><I>Transaction costs of $30 million have been assumed
and paid by Cable Onda before the acquisition or by Millicom on the closing date. Because of their relationship with the acquisition,
these costs have been accounted for as post-acquisition costs in the Millicom Group statement of income. These, together with
acquisition-related costs of $11 million, have been recorded under operating expenses in the statement of income of the year.</I></TD>
</TR></TABLE>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>3. ACQUISITION AND DISPOSAL OF SUBSIDIARIES,
JOINT VENTURES, ASSOCIATES AND OTHER NON-CONTROLLING INTERESTS (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The completion of the purchase price allocation
did not result in any material impact on the statement of income for the years ended December&nbsp;31, 2018 and December&nbsp;31,
2019, respectively, in respect of values previously recorded in the provisional purchase accounting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The goodwill, which is not expected to be tax
deductible, is attributable to Cable Onda&rsquo;s strong market position and profitability, as well as to the fair value of the
assembled work force. From December 13, 2018 to December 31, 2018, Cable Onda contributed $17 million of revenue and a net loss
of $7 million to the Group. If Cable Onda had been acquired on 1 January 2018 incremental revenue for the 2018 year would have
been $403 million and incremental net loss for that period of $59 million, including amortization of assets not previously recognized
of $85 million (net of tax).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">Call and put options - Panama</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">As of December&nbsp;31, 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 $264 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
December&nbsp;31, 2019.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On June 26, 2019, the Group completed the disposal
of its operations in Chad for a final cash consideration of $110 million. In accordance with Group practices, the Chad operation
has been classified as assets held for sale and discontinued operations as from June 5, 2019 and prior periods have been restated.
On June 26, 2019, Chad was deconsolidated and a gain on disposal of $78 million was recognized (see note 4).</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>4. DISCONTINUED OPERATIONS AND ASSETS HELD
FOR SALE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On June 26, 2019, Chad was deconsolidated and
a gain on disposal of $77 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.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The assets and liabilities de-consolidated on
the date of the disposal were as follows:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 87%; border-top: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Assets and liabilities held for sale ($ millions)</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>June&nbsp;26, 2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Intangible assets, net</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">18</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Property, plant and equipment, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">89</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Right of use assets</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">9</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other non-current assets</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">8</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Current assets</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">34</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cash and cash equivalents</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">9</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total assets of disposal group held for sale</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>168</B></FONT>&#9;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Non-current financial liabilities</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">8</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Current liabilities</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">131</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total liabilities of disposal group held for sale</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>140</B></FONT>&#9;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Net assets held for sale at book value</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>28</B></FONT>&#9;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">Financial information relating to the discontinued
operations for the three and twelve-month periods ended December&nbsp;31, 2019 and 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 (12
months). 2019 figures include Chad only (6 months).</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%; border-top: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Results from Discontinued Operations ($ millions)</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Twelve months ended December 31, 2019</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Twelve months ended December 31, 2018</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended December 31, 2019</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended December 31, 2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Revenue</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">50</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">189</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">30</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cost of sales</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(14)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(51)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(5)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Operating expenses</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(29)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(83)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(13)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Depreciation and amortization</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(11)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(27)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(6)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other operating income (expenses), net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(9)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Gain/(loss) on disposal of discontinued operations</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">74</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(29)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other expenses linked to the disposal of discontinued operations</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(10)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(10)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(3)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Operating profit (loss)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>61</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(21)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(4)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>3</B></FONT>&#9;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Interest income (expense), net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(6)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other non-operating (expenses) income, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Profit (loss) before taxes</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">59</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(29)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Credit (charge) for taxes, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(4)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Net Profit/(loss) from discontinuing operations</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>57</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(33)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(3)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(1)</B></FONT>&#9;</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>4. DISCONTINUED OPERATIONS AND ASSETS HELD
FOR SALE (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 74%; border-top: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Cash flows from discontinued operations ($ millions)</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Twelve months ended December 31, 2019</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Twelve months ended December 31, 2018</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cash from (used in) operating activities, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(8)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(38)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cash from (used in) investing activities, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">8</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cash from (used in) financing activities, net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">7</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">11</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Net cash inflows/(outflows)</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>5</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(19)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">In 2017 and 2018, the Group announced agreements
to sell and leaseback wireless communications towers in Paraguay, Colombia and El Salvador. Total gain on sale recognized in 2019
was $5 million (2018: $61 million, 2017: $63 million) and cash received from these sales were $22 million, $141 million and $161
million, respectively.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>5. SEGMENT INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 34%; border-top: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Twelve months December 31, 2019 ($ millions)</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Latin America</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Africa</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Unallocated</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Guatemala and Honduras(vii)</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Eliminations and<BR>
Transfers</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Mobile revenue</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3,258</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">372</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1,480)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,150</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cable and other fixed services revenue</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,197</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">9</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(277)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,928</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other revenue</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">60</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(8)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">52</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Service revenue (i)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5,514</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">382</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1,766)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4,130</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Telephone and equipment&nbsp;&nbsp;and other revenue (i)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">449</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(243)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">206</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Revenue</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>5,964</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>382</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(2,009)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>4,336</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Operating profit (loss)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,006</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>24</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(94)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(540)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>179</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>575</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Add back:</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Depreciation and amortization</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,435</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">99</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">9</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(444)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,100</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Share of profit in joint ventures in Guatemala and Honduras</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(179)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(179)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other operating income (expenses), net</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">42</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(8)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">34</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>EBITDA (ii)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,443</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>122</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(43)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(992)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,530</B></FONT>&#9;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">EBITDA from discontinued operations</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(3)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>EBITDA incl discontinued operations</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,443</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>119</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(43)</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(992)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,527</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Capital expenditure (iii)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1,040)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(58)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(9)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">261</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(846)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Changes in working capital and others (iv)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(86)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">14</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(52)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(18)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(143)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Taxes paid</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(225)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(10)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(8)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">129</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(114)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Operating free cash flow (v)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,093</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>64</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(112)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(619)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>425</B></FONT>&#9;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total Assets (vi)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>13,821</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>936</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>3,715</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(5,465)</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(151)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>12,856</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total Liabilities</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>8,374</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>909</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>3,977</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(2,119)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(965)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>10,176</B></FONT>&#9;</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>5. SEGMENT INFORMATION (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 34%; border-top: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Twelve months ended December 31, 2018<BR>
($ millions) (viii)</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Latin America</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Africa</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Unallocated</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Guatemala and Honduras(vii)</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Eliminations and<BR>
Transfers</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Mobile revenue</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3,214</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">388</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1,475)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,126</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cable and other fixed services revenue</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,808</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(253)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,565</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other revenue</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">48</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(6)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">43</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Service revenue (i)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5,069</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">398</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1,734)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3,734</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Telephone and equipment revenue (i)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">415</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(203)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">212</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Revenue</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>5,485</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>399</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(1,937)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>3,946</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Operating profit (loss)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>995</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>25</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(47)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(488)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>154</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>640</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Add back:</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Depreciation and amortization</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,133</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">80</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(416)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">803</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Share of profit in joint ventures in Guatemala and Honduras</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(154)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(154)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other operating income (expenses), net</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(51)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(19)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(75)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>EBITDA (ii)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,077</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>102</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(44)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(922)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,213</B></FONT>&#9;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">EBITDA from discontinued operations</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">44</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">44</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>EBITDA incl discontinued operations</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,077</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>146</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(44)</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(922)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,257</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Capital expenditure (iii)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(872)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(59)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">225</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(708)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Changes in working capital and others (iv)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(42)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">28</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">13</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(12)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(13)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Taxes paid</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(264)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(24)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(6)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">142</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(153)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Operating free cash flow (v)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>899</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>91</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(39)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(568)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>383</B></FONT>&#9;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total Assets (vi)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>11,751</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>839</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,752</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(5,219)</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>190</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>10,313</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total Liabilities</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>6,127</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>905</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,953</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(1,814)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(650)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>7,521</B></FONT>&#9;</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>5. SEGMENT INFORMATION (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 34%; border-top: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended December 31, 2019 ($ millions)</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Latin America</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Africa (viii)</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Unallocated</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Guatemala and Honduras (vii)</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Eliminations and transfers</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Mobile revenue</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">859</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">95</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(375)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">579</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cable and other fixed services revenue</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">559</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(72)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">490</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other revenue</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">23</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(4)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">19</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Service revenue (i)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,442</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">98</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(451)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,089</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Telephone and equipment revenue (i)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">135</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(73)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">61</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Revenue</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,577</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>98</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(525)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,150</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Operating profit (loss)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>258</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>8</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(47)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(132)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>43</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>129</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Add back:</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Depreciation and amortization</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">379</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">28</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(112)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">297</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Share of profit in joint ventures in Guatemala and Honduras</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(42)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(42)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other operating income (expenses), net</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">11</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">33</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">41</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>EBITDA (ii)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>648</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>35</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(11)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(247)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>424</B></FONT>&#9;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">EBITDA from discontinued operations</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(3)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>EBITDA incl discontinued operations</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>648</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>32</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(11)</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(247)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>421</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Capital expenditure (iii)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(264)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(22)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(5)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">72</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(218)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Changes in working capital and others (iv)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(19)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(4)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">37</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Taxes paid</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(78)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">41</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(40)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Operating free cash flow (v)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>287</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>3</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>20</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(137)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>173</B></FONT>&#9;</TD></TR>
</TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>5. SEGMENT INFORMATION (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 34%; border-top: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended December 31, 2018<BR>
($ millions)</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Latin America</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Africa</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Unallocated</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Guatemala and Honduras (vii)</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Eliminations and transfers</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Mobile revenue</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">803</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">101</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(372)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">532</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cable and other fixed services revenue</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">447</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(67)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">382</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other revenue</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">13</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">11</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Service revenue (i)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,263</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">103</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(442)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">924</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Telephone and equipment revenue (i)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">118</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(61)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">57</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Revenue</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,381</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>103</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(503)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>980</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Operating profit (loss)</B></FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>248</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>5</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(58)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(132)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>45</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>107</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Add back:</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Depreciation and amortization</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">283</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">20</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(99)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">204</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Share of profit in joint ventures in Guatemala and Honduras</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(45)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(45)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other operating income (expenses), net</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(6)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(7)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(10)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>EBITDA (ii)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>524</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>25</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(54)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(238)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>257</B></FONT>&#9;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">EBITDA from discontinued operations</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">8</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">8</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>EBITDA incl discontinued operations</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>524</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>33</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(54)</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(238)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>265</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Capital expenditure (iii)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(230)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(15)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">67</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(178)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Changes in working capital and others (iv)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">42</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(18)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">68</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">96</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Taxes paid</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(78)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(12)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">32</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(60)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Operating free cash flow (v)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>258</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(11)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>10</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(136)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>123</B></FONT>&#9;</TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>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="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>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 twelve-month periods ended December&nbsp;31, 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="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>(iii)</I></TD><TD><I>Excluding spectrum and licenses of $59 million (2018:
$61 million) and cash received on tower deals of $22 million (2018: $141 million).</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>(iv)</I></TD><TD><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="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>(v)</I></TD><TD><I>Operating Free Cash Flow is EBITDA less cash 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="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>(vi)</I></TD><TD><I>Segment assets include goodwill and other intangible
assets.</I></TD>
</TR></TABLE>

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

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

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


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<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>5. SEGMENT INFORMATION (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: gray 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: gray 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: gray 1pt solid; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; color: #003A66"><B>Twelve months ended</B></FONT></P>
                                                                           <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 9pt Times New Roman, Times, Serif; color: #003A66"><B>December 31, 2019</B></FONT></P></TD>
    <TD COLSPAN="3" STYLE="border-top: gray 1pt solid; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; color: #003A66"><B>Twelve months ended</B></FONT></P>
                                                                           <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 9pt Times New Roman, Times, Serif; color: #003A66"><B>December 31, 2018</B></FONT></P></TD>
    <TD COLSPAN="3" STYLE="border-top: gray 1pt solid; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; color: #003A66"><B>Three months ended</B></FONT></P>
                                                                           <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 9pt Times New Roman, Times, Serif; color: #003A66"><B>December 31, 2019</B></FONT></P></TD>
    <TD COLSPAN="3" STYLE="border-top: gray 1pt solid; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; color: #003A66"><B>Three months ended</B></FONT></P>
                                                                           <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 9pt Times New Roman, Times, Serif; color: #003A66"><B>December 31, 2018</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 20%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Timing of revenue recognition</B></FONT></TD>
    <TD STYLE="width: 6%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Latin America</B></FONT></TD>
    <TD STYLE="width: 6%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Africa</B></FONT></TD>
    <TD STYLE="width: 6%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total Group</B></FONT></TD>
    <TD STYLE="width: 6%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Latin America</B></FONT></TD>
    <TD STYLE="width: 6%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Africa</B></FONT></TD>
    <TD STYLE="width: 6%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total Group</B></FONT></TD>
    <TD STYLE="width: 6%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Latin America</B></FONT></TD>
    <TD STYLE="width: 6%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Africa</B></FONT></TD>
    <TD STYLE="width: 6%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total Group</B></FONT></TD>
    <TD STYLE="width: 6%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Latin America</B></FONT></TD>
    <TD STYLE="width: 6%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Africa</B></FONT></TD>
    <TD STYLE="width: 6%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total Group</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Mobile</FONT>&#9;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Over time</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,747</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">261</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,007</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,701</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">280</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,981</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">476</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">66</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">542</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">421</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">72</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">492</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Mobile Financial Services</FONT>&#9;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Point in time</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">31</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">112</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">143</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">37</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">108</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">145</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">8</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">29</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">37</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">28</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">38</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Cable and other fixed services</FONT>&#9;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Over time</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,919</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">9</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,928</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,556</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,565</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">488</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">490</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">380</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">382</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other</FONT>&#9;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Over time</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">51</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">52</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">42</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">43</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">19</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">19</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">11</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">11</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Service Revenue</B></FONT>&#9;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>3,748</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>382</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>4,130</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>3,336</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>398</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>3,734</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>991</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>98</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,088</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>821</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>103</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>924</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Telephone and equipment</FONT>&#9;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Point in time</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">206</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">206</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">212</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">212</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">61</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">61</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">57</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">57</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Revenue from contracts with customers</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>3,954</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>382</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>4,336</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>3,548</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>399</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>3,946</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,052</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>98</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>1,150</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>878</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>103</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>980</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>6. OTHER NON-OPERATING (EXPENSES) INCOME,
NET</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 48%; border-top: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Twelve months ended December 31, 2019</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Twelve months ended December 31, 2018</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended December 31, 2019</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended December 31, 2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Change in fair value of derivatives</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Change in fair value in investment in Jumia (Note 15)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(38)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(6)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Change in fair value in investment in HT (Note 15)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">312</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">312</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Change in value of put option liability (Note 3)</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(25)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(7)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Exchange gains (losses), net</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(32)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(40)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">7</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(47)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other non-operating income (expenses), net</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>227</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(39)</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>309</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(46)</B></FONT>&#9;</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>7. EARNINGS PER COMMON SHARE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 48%; border-top: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 13%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Twelve months ended December 31, 2019</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 13%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Twelve months ended December 31, 2018</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 13%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended December 31, 2019</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 13%; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended December 31, 2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Basic and Diluted</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Net profit (loss) attributable to equity holders from continuing operations</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">93</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">23</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">226</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(94)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Net profit (loss) attributable to equity holders from discontinuing operations</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">57</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(33)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #00245D 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Net profit attributable to all equity holders to determine the basic earnings (loss)&nbsp;&nbsp;per share</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">149</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(10)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">223</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(94)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: #00245D 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: #00245D 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: #00245D 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: #00245D 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>in thousands</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-bottom: #00245D 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; 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: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">101,144</FONT></TD>
    <TD STYLE="border-bottom: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">100,793</FONT></TD>
    <TD STYLE="border-bottom: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">101,148</FONT></TD>
    <TD STYLE="border-bottom: #00245D 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">100,819</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-top: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>$</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Basic and diluted</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">EPS from continuing operations attributable to owners of the Company</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">0.92</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">0.23</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2.23</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(0.93)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">EPS from discontinued operations attributable to owners of the Company</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">0.56</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(0.33)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(0.03)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(0.01)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">EPS for the period attributable to owners of the Company</FONT>&#9;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #828282">1.48</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #828282">(0.10)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #828282">2.20</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #828282">(0.94)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>8. PROPERTY, PLANT AND EQUIPMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">During the twelve-month period ended December&nbsp;31,
2019, Millicom added property, plant and equipment for $719 million (December&nbsp;31, 2018: $696 million) and received $24 million
in cash from disposal of property, plant and equipment (December&nbsp;31, 2018: $154 million).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>9. INTANGIBLE ASSETS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">During the twelve-month period ended December&nbsp;31,
2019, Millicom added spectrum and licenses for an amount of $101 million and other intangible assets for $101 million (December&nbsp;31,
2018: $66 million and $92 million, respectively) and did not receive any proceeds from disposal of intangible assets (December&nbsp;31,
2018: nil).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On May 20, 2019 the Group renewed 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 (approximately$20 million
cost, that will be capitalized once the sites are built). In December 2019, the company substituted its coverage obligation by
agreeing to pay the corresponding amount of $20 million in cash in 6 installments between January to June 2020. As a result, Management
recognized an addition to spectrum assets and a liability for $20 million.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">In December 2019, Millicom's wholly-owned subsidiary
Telemovil El Salvador S.A. de C.V. ('Telemovil') acquired spectrum in 50Mhz AWS band and paid an advance of $14 million. On January
8, 2020, Telemovil made a final payment of $20 million and started operating the spectrum.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>9. INTANGIBLE ASSETS (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">In December 2019, Tigo Colombia participated
in an auction launched by the Ministerio de Tecnologias de la Informacion y las Comunicaciones (MINTIC), and acquired licenses
granting the right to use a total of 40 MHz in the 700 MHz band. The 20-year license will expire in 2040. As a result of this auction,Tigo
Colombia has strengthened its spectrum position, which also includes 55 MHz in the 1900 band and 30 MHz of AWS. Tigo Colombia agreed
to a total notional consideration of COP$2.45 billion (equivalent to approximately US$736 million), of which approximately 45%
is to be met by coverage obligations implemented by 2025.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The remaining 55% is payable in cash with an
initial payment of approximately US$39 million to be made in Q1 2020, with the remainder payable in 12 annual installments beginning
in 2026 and ending in 2037. The final permission to operate in 700 MHz will be given in February 2020.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>10. DEBT AND FINANCING</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The most significant financings of the period
are as follows:</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On February 20, 2019, MICSA. entered into a
$1.65 billion term loan facility agreement with a consortium of banks (the &ldquo;Telefonica Bridge Facility&rdquo;). The Telefonica
Bridge Facility was available to be drawn 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. However, the facility was not used, and was ultimately fully
canceled as of December 19, 2019. Millicom recorded structuring and duration fees for a total amount of $14 million and $3million
of ticking fees under 'Interest expense' in the year ended December&nbsp;31, 2019.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On April 8, 2019, MICSA obtained consents from
the holders of its $500 million 6.00% senior notes due 2025 to amend certain provisions of the indenture governing such notes,
which cost $1 million (equal to $2.50 per $1,000 principal amount of notes to holders ).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On April 24, 2019, MICSA executed a 5 year $300
million term facility loan agreement which bears a variable interest at a rate in which margin varies depending on MICSA's leverage
in a range of 2.75 to 3.00, to be paid on a semiannual basis. The net proceeds of the facility were used, among others, to finance
the Telefonica CAM Acquisitions (see note 3).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On May 15, 2019, MICSA. issued a SEK 2 billion
senior unsecured sustainability bond under its inaugural Sustainability Bond Framework. The bond is due on 2024 and carries a floating
coupon priced at 3m Stibor+235bps (see also note 13). It has been listed and trades on Nasdaq Stockholm since June 12, 2019. Proceeds
were invested pursuant to the Sustainability Bond Framework which includes both environmental and social investments such as in
energy efficiencies, and the expansion of fixed and mobile networks.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">On January 2, 2019, Telef&oacute;nica
Celular del Paraguay S.A.E. obtained a seven-year loan from BBVA Bank for PYG 177,000 million which bears a fixed annual interest
rate and is due on November, 26, 2025.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">In April 2019, Telef&oacute;nica Celular del
Paraguay S.A.E. made a tender offer for its $300 million 6.75% senior notes due 2022 with a premium for a total consideration of
$1,025.30 for each $1,000 notes tendered, while simultaneously issued new $300 million 5.875% senior notes due 2027 with an 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 &quot;Telecel
2027 Notes&quot;). Remaining, or not tendered 6.75% senior notes due 2022 were early redeemed right after.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">In June 2019, a local bond program for up to
PYG 300 billion (approximately $50 million) was registered with local financial authority, 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 $37 million) were registered and
issued as follows: (i) PYG 115 billion, at 8.75%, due June 3, 2024, (ii) PYG 50 billion, at 9.25%, due May 29, 2026 and (iii) PYG
65 billion, at 10%, due May 31, 2029.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>10. DEBT AND FINANCING (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On September 25, 2019, Telef&oacute;nica Celular
del Paraguay S.A.E. entered into an amended and restated agreement with Banco Continental S.A.E.C.A., to consolidate three existing
loans, in aggregate PYG 370 billion (approximately $58 million), bearing interest at a fixed annual rate, to be paid on a quarterly
basis and has a maturity of 7 years.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On December 27, 2019, Telef&oacute;nica Celular
del Paraguay S.A.E. issued PYG 35 billion in two tranches: (i) PYG 10 billion which matures on December 30, 2026; and (ii) PYG
25 billion matures on December 24, 2029.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">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 floating interests as follows: for Tranche A : Libor plus a margin and for Tranche B: T-Bill rate plus
a margin.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The facility agreement has an all asset debenture
over MIC Tanzania's assets and a pledge over the immediate holding company of MIC Tanzania. We amended and restated the loan agreement
on December 12, 2019 and borrowed on December 17, 2019 the full amount under Tranche A and 1/3 of Tranche B.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">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 a fixed interest rate and has a 5 year
duration and another one with the Bank of Nova Scotia (Sucursal Panama) for $75 million with fixed interest rate 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 MICSA for an amount of $420 million with a maturity as of November 12, 2019, which
was used for the acquisition of Telefonica Panama (see note 3).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On November 1, 2019, Cable Onda S.A. issued
$600 million aggregate principal amount of 4.500% Senior Notes due 2030 payable in U.S. dollars, registered with the Superintendencia
del Mercado de Valores de Panam&aacute; and listed on the Luxembourg Stock Exchange and on the Panam&aacute; Stock Exchange.&nbsp;
The notes bear interest from November 1, 2019 at a rate of 4.500% per annum, payable on January 30, 2020 for the first payment
and thereafter semiannually in arrears on each interest payment date. The proceeds were used to refund the Panama Acquisition -
see above - and to refinance certain local financing. The notes have been issued under an Indenture, dated as of October 28, 2019,
with a covenant package based upon the Telecel 2027 notes.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On July 3, 2019 Telefonica Celular de Bolivia
S.A. issued two local bonds in Bolivian capital markets, one series for BOB 420 million (approximately $61 million) with a 5.000%
coupon maturing on August 15, 2026 and a second series for BOB 280 million (approximately $41 million) with a 4.600% coupon maturing
on August 15, 2024. Interest payments are on a semiannual basis and both bonds are listed on the Bolivia Stock Exchange.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On November 19, 2019, we executed a new 4 year
loan for BOB 78 million (approximately $11 million) with semiannual payments and fixed interest rate.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On September 19, 2019, Telef&oacute;nica Celular,
S.A. de C.V., executed a new credit agreement with Banco Industrial S.A. and Banco Pa&iacute;s S.A. for an amount up to USD $185
million, in 2 different tranches as follows: (i) $125 million, and (ii) $ 60 million with a variable interest rate. This agreement
was executed as a refinancing of a previous loan executed in 2018 with Banco Industrial S.A. and a loan with Scotiabank dated March
27, 2015. On the same date,&nbsp;Navega S.A. de C.V., entered into a separate loan agreement with Banco Industrial S.A. by executing
a new facility agreement for up to $20 million in a single tranche with a variable interest rate. The latter was also a refinancing
of the portion corresponding to them under the loan with Scotiabank dated March 27, 2015.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On December 20, 2019, Colombia M&oacute;vil
S.A. E.S.P. as borrower and UNE EPM Telecomunicaciones S.A., as guarantor executed an amendment to the $300 million loan with a
consortium of banks to extend the maturity for 5 years (now due on December 20, 2024) and lower the applicable margin.</P>

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


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<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>10. DEBT AND FINANCING (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border-top: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: gray 1pt solid; vertical-align: top; text-align: center"><P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>As at December 31,</B></FONT></P>
                                                                                <P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2019</B></FONT></P></TD>
    <TD COLSPAN="2" STYLE="border-top: gray 1pt solid; vertical-align: top; text-align: center"><P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>December 31,</B></FONT></P>
                                                                                <P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2018</B></FONT></P></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Due within:</FONT>&#9;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 72%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">One year</FONT>&#9;</TD>
    <TD STYLE="width: 13%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">186</FONT></TD>
    <TD STYLE="text-align: center; vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">458</FONT></TD>
    <TD STYLE="text-align: center; vertical-align: top; width: 1%">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">One-two years</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">155</FONT></TD>
    <TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">338</FONT></TD>
    <TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Two-three years</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">145</FONT></TD>
    <TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">403</FONT></TD>
    <TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Three-four years</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">517</FONT></TD>
    <TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">570</FONT></TD>
    <TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Four-five years</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1,085</FONT></TD>
    <TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">468</FONT></TD>
    <TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">After five years</FONT>&#9;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3,884</FONT></TD>
    <TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2,345</FONT></TD>
    <TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total debt and financing</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>5,972</B></FONT></TD>
    <TD STYLE="text-align: center; vertical-align: top; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>4,580</B></FONT></TD>
    <TD STYLE="text-align: center; vertical-align: top; border-bottom: gray 1pt solid">&nbsp;</TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>As at December&nbsp;31, 2018, Debt and financing included
finance lease liabilities of $353 million. As at December&nbsp;31, 2019, and as a result of the application of IFRS 16, these
are now shown under Lease liabilities in the statement of financial position and therefore excluded from the table above in 2019.</I></TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">As at December&nbsp;31, 2019, the Group's share
of total debt and financing secured by either pledged assets, pledged deposits issued to cover letters of credit or guarantees
issued was $464 million (December&nbsp;31, 2018: $626 million). Assets pledged by the Group for these debts and financings amounted
to $1 million at December&nbsp;31, 2019 (December&nbsp;31, 2018: $2 million).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">In addition to the above, on June 4, 2019, MIC
Tanzania Public Limited Company entered into a loan facility agreement which was further amended and restated in December 12, 2019,
with the Standard Bank of South Africa acting as an agent and a consortium of banks acting as the original lenders. The facility
agreement, maturing in 2025, has an all asset debenture securing the whole amount, as well as a pledge over the shares of the immediate
holding company of the borrower.</P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: gray 1pt solid">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; 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-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD COLSPAN="4" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>As at December 31, 2019</B></FONT></TD>
    <TD COLSPAN="4" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>As at December 31, 2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 7pt; text-indent: -7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Terms</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Outstanding exposure(i)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Maximum exposure(ii)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Outstanding exposure(i)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Maximum exposure(ii)</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; width: 32%; padding-left: 7pt; text-indent: -7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">0-1&nbsp;year</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; width: 16%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">29</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 16%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">29</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 16%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">133</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 16%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">133</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 7pt; text-indent: -7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1-3&nbsp;years</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">134</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">134</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">281</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">281</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; padding-left: 7pt; text-indent: -7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3-5&nbsp;years</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">300</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">300</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">212</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">212</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 7pt; text-indent: -7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>More than 5&nbsp;years</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; padding-left: 7pt; text-indent: -7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>464</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>464</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>626</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>626</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid">&nbsp;</TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>If non-payment by the obligor, the guarantee ensures
payment of outstanding amounts by the Group's guarantor.</I></TD>
</TR></TABLE>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; 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-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Twelve months ended December 31, 2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Twelve months ended December 31, 2018</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended December 31, 2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended December 31, 2018</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Interest expense on bonds and bank financing</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; width: 14%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(348</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="vertical-align: top; width: 14%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(234</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="vertical-align: top; width: 14%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(93</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="vertical-align: top; width: 14%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(68</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Interest expense on (finance) leases</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(157</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(91</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(44</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(22</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Early redemption charges</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(10</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(4</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Others</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(47</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(37</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(19</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(8</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total interest and other financial expenses</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(564</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(367</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(157</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(98</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>)</B></FONT></TD></TR>
</TABLE>

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<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>11. COMMITMENTS AND CONTINGENCIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The Company and its operations are contingently
liable with respect to lawsuits, legal, regulatory, commercial and other legal risks that arise in the normal course of business.
As of December&nbsp;31, 2019, the total exposure for claims and litigation risks against Millicom and its subsidiaries is $204
million (December&nbsp;31, 2018: $683 million). The decrease is mainly due to Colombia where some significant cases were closed
or became time barred during the year. The Group's share of the comparable exposure for joint ventures is $4 million (December&nbsp;31,
2018: $5 million).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">As at December&nbsp;31, 2019, $30 million has
been provided by its subsidiaries for these risks in the consolidated statement of financial position (December&nbsp;31, 2018:
$22 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 Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">At December&nbsp;31, 2019, the tax risks exposure
of the Group's subsidiaries is estimated at $300 million, for which provisions of $50 million have been recorded in tax liabilities;
representing the probable amount of eventual claims and required payments related to those risks (2018: $226 million of which provisions
of $44 million were recorded). The Groups' share of comparable tax exposure and provisions in its joint ventures amounts to $49
million (2018: $29 million) and $4 million (2018: $2 million), respectively.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">At December&nbsp;31, 2019, the the Company and
its subsidiaries had fixed commitments to purchase network equipment, land and buildings, other fixed assets and intangible assets
of $122 million of which $102 million are due within one year (December&nbsp;31, 2018: $88 million of which $71 million are due
within one year). The Group&rsquo;s share of commitments from the joint ventures is $52 million and $51 million. (December&nbsp;31,
2018: $66 million and $56 million).</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>12. RELATED PARTY TRANSACTIONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On November 14, 2019, Millicom's historical
principal shareholder, Kinnevik AB, distributed its entire (approximately 37% of Millicom's outstanding shares) shareholding in
Millicom to its own shareholders through a share redemption plan. Since that date, Kinnevik is no longer a related party or shareholder
in Millicom.</P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; 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-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Twelve months ended December 31, 2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Twelve months ended December 31, 2018</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended December 31, 2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended December 31, 2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Expenses</B></FONT></TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; width: 48%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Purchases of goods and services from Miffin</FONT>&#9;</TD>
    <TD STYLE="width: 12%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(209</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="width: 12%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(173</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="width: 12%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(54</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="width: 12%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(46</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Purchases of goods and services from EPM</FONT>&#9;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(42</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(40</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(13</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(9</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Lease of towers and related services from HTA (iii)</FONT>&#9;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(146</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(28</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(28</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(7</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other expenses</FONT>&#9;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(15</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(3</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(130</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(1</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT>&#9;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(412</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(244</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(224</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(63</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>)</B></FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; 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-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Twelve months ended December 31, 2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Twelve months ended December 31, 2018</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended December 31, 2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three months ended December 31, 2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Income / gains</B></FONT></TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; width: 48%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Sale of goods and services to Miffin</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; width: 12%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">306</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 12%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">284</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 12%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">84</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 12%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">79</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Sale of goods and services to EPM</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">13</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">17</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other income / gains</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>322</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>303</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>86</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>85</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>As at December 31,</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2019</B></FONT></P></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>As at December 31,</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2018</B></FONT></P></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Liabilities</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; width: 74%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Payables to Guatemala joint venture(i)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; width: 12%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">361</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 12%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">315</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Payables to Honduras joint venture(ii)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">133</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">143</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Payables to EPM</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">37</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">14</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Payables to Panama non-controlling interests</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; 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-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other accounts payable</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">9</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Sub-total</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>531</B></FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>482</B></FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(Finance) Lease liabilities to HTA (iii)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">99</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>531</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>580</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid">&nbsp;</TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>Shareholder loans bearing interest. Out of the amount
above, $337 million are due over more than one year.</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>Amount payable mainly consist of dividend advances
for which dividends are expected to be declared in 2020 and/or shareholder loans.</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>(iii)</I></TD><TD><I>HTA ceased to be a related party on October 15, 2019
(note 15).</I></TD>
</TR></TABLE>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>12. RELATED PARTY TRANSACTIONS (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>As at December 31,</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2019</B></FONT></P></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>As at December 31,</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2018</B></FONT></P></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Assets</B></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: 74%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Receivables from Guatemala and Honduras joint ventures</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; width: 12%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">23</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 12%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">20</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-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Receivables from EPM</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">3</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Advance payments to Helios Towers Tanzania(ii)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">6</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Receivables from Panama</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Receivable from AirtelTigo Ghana (i)</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">43</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">41</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Other accounts receivable</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>73</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>73</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid">&nbsp;</TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>Disclosed under Other non-current assets in the statement
of financial position.</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>Helios Towers (Tanzania) ceased to be a related party
on October 15, 2019 (note 15).</I></TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>13. FINANCIAL INSTRUMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Carrying value</B></FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Fair value(i)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>As at December 31, 2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>December 31, 2018 (ii)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>As at December 31, 2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>December 31, 2018 (ii)</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Financial liabilities</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; width: 40%; border-bottom: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Debt and financing</FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; width: 14%; border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5,972</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 14%; border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4,580</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 14%; border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">6,229</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 14%; border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">4,418</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; border-bottom: gray 1pt solid">&nbsp;</TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>Fair values are measured with reference to Level 1
(for listed bonds) or 2.</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>As at December&nbsp;31, 2018, Debt and financing included
carrying value of finance lease liabilities of $353 million. As at December&nbsp;31, 2019, and as a result of the application
of IFRS 16, these are now shown under Lease liabilities in the statement of financial position and therefore excluded from the
table above in 2019.</I></TD>
</TR></TABLE>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">Currency and interest rate swap contracts</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">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 (approximately $211 million) senior unsecured
sustainability bond issued in May 2019 (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 December&nbsp;31,
2019, the fair values of the swaps amount to a liability of $0.2 million.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">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 December&nbsp;31, 2019, the fair values of these swaps amount to liabilities of $17 million.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">Interest rate and currency swaps are measured
with reference to Level 2 of the fair value hierarchy</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, 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></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>14. INVESTMENTS IN JOINT VENTURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">At December&nbsp;31, 2019, the equity accounted
net assets of our joint ventures in Guatemala, Honduras and Ghana totaled $3,346 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 December&nbsp;31, 2019, Millicom&rsquo;s joint ventures paid $237 million (December&nbsp;31,
2018: $243 million) as dividends or dividend advances to the Company.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; border-top: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; 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-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Guatemala(i)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Honduras (i)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Ghana(ii)</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; width: 61%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Opening Balance at January 1, 2019</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; width: 12%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,104</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 12%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>730</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 12%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; 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-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Capital increase</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">5</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Results for the period</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">152</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">27</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(40</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Dividends declared during the year</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(170</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(37</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; 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-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Currency exchange differences</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">(12</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">8</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Closing Balance at December 31, 2019</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2,089</B></FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>708</B></FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>Share of profit is recognized under &lsquo;Share of
profit in the joint ventures in Guatemala and Honduras&rsquo; in the statement of income.</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, 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>Share of loss is recognized under &lsquo;Income (loss)
from other joint ventures and associates, net&rsquo; in the statement of income.</I></TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>15. EQUITY INVESTMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">As at December&nbsp;31, 2019, Millicom has the
following investments in equity instruments:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: #828282 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: #828282 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>2018</B></FONT></TD></TR>
<TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; width: 74%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Investment in Jumia</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; width: 12%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">32</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 12%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">Investment in HT</FONT>&#9;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">338</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; 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-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Equity investment - total</B></FONT>&#9;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>371</B></FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">Jumia indirectly owns a number of companies
that provide online services and online marketplaces in certain countries in Africa.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">In January 2019, Millicom was diluted in the
capital of the company following the entry of a new investor. This triggered the recognition of a net dilution gain of $7 million
in January 2019. In addition, 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 instrument) 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 Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">At December&nbsp;31, 2019, the closing price
of a Jumia share was $6.73, which values Millicom's investment at $32 million (level 1). The changes in fair value of $(38) million
for the year ended December&nbsp;31, 2019 is shown under 'Other non-operating (expenses) income, net' (see note 6).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">Helios Towers plc (&ldquo;HT&rdquo;)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">In October 2019, Helios Towers plc (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.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(0,6,64); vertical-align: top; text-align: left">
    <TD STYLE="padding-top: 6pt; vertical-align: middle; padding-left: 6pt; text-align: left; padding-bottom: 6pt; width: 59%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Unaudited
                                         Interim Condensed Consolidated Financial Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; color: white"></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For
the three and twelve-month periods ended December&nbsp;31, 2019</B></FONT></P>

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


</TD>
    <TD STYLE="padding-top: 6pt; text-align: right; padding-bottom: 6pt; width: 41%"><IMG SRC="image_011.gif" ALT="">&nbsp;</TD></TR>
</TABLE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>15. EQUITY INVESTMENTS (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">As part of the listing process, on October 17,
2019, Millicom first was diluted as HT management exercised their IPO option rights (~4%). This event triggered the recognition
of a non-cash dilution loss of $3 million recorded under &lsquo;Income/(loss) from other joint ventures and associates&rsquo;.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On the same day, Millicom resigned from its
board of directors seats, which resulted in the loss of the Group's significant influence over HT. As a result, as from that date,
Millicom derecognized its investment in associate in HT and recognized it as a financial asset at fair value under IFRS 9. The
derecognition of the investment in associate and recognition of the equity investment in HT at a fair value of $292 million triggered
the recognition of a net non-cash P&amp;L gain of $208 million recorded under &lsquo;Other non-operating income (expense), net&rsquo;.
Fair value was determined using the IPO reference share price of GBP1.15.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">As a result of the IPO and the subsequent exercise
of the overallotment option, Millicom disposed of a portion of its ownership (in total approximately20%) yielding $57 million in
gross proceeds and $25 million in net proceeds after fees and Millicom's share in tax escrow of $30 million which has been deducted
in full from the gain given the high level of uncertainties used in assessing the potential tax liability. These disposals did
trigger a loss of $32 million, as a result of the tax escrow and transaction fees, and are recorded under &lsquo;Other operating
income (expenses), net&rsquo;.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">Post-IPO and overallotment option exercise,
Millicom holds a 16.2% stake which, as at December&nbsp;31, 2019, is valued at $338 million (level 1) using a closing share price
of GBP 1.58.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">In future periods, Millicom will value such
equity investment and will present subsequent changes in fair value in the statement of income under &lsquo;Other non-operating
income/(expense), net&rsquo;.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>16. IPO &ndash; MILLICOM&rsquo;S OPERATIONS
IN TANZANIA</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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. In December 2019, the Group
filed the draft prospectus with the Tanzania Capital Market and Securities Authority with the view to initiate the listing process
in H1 2020.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66"><B>17. SUBSEQUENT EVENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On February 24, 2020, Millicom&rsquo;s Board
approved to the Annual General Meeting of the shareholders a share buyback program to repurchase at least $500 million over the
next three years.&nbsp; The current shareholder authorization, which expires on May 5, 2020, allows for the repurchase of up to
5% of the outstanding share capital. In addition, the Board approved to the Annual General Meeting of the shareholders a dividend
distribution of $1.00 per share to be paid in 2020.&nbsp; The Annual General Meeting to vote these matters is scheduled to May
5, 2020.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">On January 28, 2020, Millicom&rsquo;s wholly-owned
subsidiary Telef&oacute;nica Celular del Paraguay S.A.E (&quot;Telecel&quot;), closed a $250 million re-tap to its senior unsecured
notes due 2027, representing an additional issuance of Telecel's outstanding $300 million 5.875% Senior Notes due 2027 issued
on April 5, 2019. The New Notes&nbsp;will be treated as a single class with the initial notes, and they were priced at 106.375
for an implied yield to maturity of 4.817%.</P>

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


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="3">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>MILLICOM INTERNATIONAL CELLULAR S.A.&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in"><B></B>(Registrant)</P></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Salvador Escalon</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 46%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 6%"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="padding-right: 2pt; width: 29%; padding-left: 2pt"><FONT STYLE="font-size: 10pt">Salvador Escalon</FONT></TD>
    <TD STYLE="width: 9%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-size: 10pt">Executive Vice President, General Counsel</FONT></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">Date: February 26, 2020</P>

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


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