<SEC-DOCUMENT>0000950103-21-006312.txt : 20210429
<SEC-HEADER>0000950103-21-006312.hdr.sgml : 20210429
<ACCEPTANCE-DATETIME>20210429084015
ACCESSION NUMBER:		0000950103-21-006312
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20210429
FILED AS OF DATE:		20210429
DATE AS OF CHANGE:		20210429

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:		21867345

	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>dp150188_6k.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 3.5pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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

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

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

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

<P STYLE="font: 15pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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

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

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

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of April, 2021</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<HR SIZE="2" NOSHADE ALIGN="CENTER" STYLE="width: 21%; color: black">

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Grand Duchy of Luxembourg</B>&nbsp;</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: 44%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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    <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&nbsp;</P></TD>
    <TD STYLE="width: 15%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 28%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Form 40-F</FONT></TD>
    <TD STYLE="width: 14%">
&nbsp;<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></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: 44%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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    <TD STYLE="width: 29%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="width: 14%">
&nbsp;<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></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>
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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)(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: 44%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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    <TD STYLE="width: 29%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="width: 14%">
&nbsp;<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></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>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;<BR></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-top: 0pt; margin-bottom: 0pt"></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="text-align: left; width: 0.25in">1.</TD><TD>Press release dated April&nbsp;29, 2021</TD></TR></TABLE>

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


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

<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"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">2.</TD><TD>Unaudited Interim Condensed Consolidated Financial Statements for the three-month period ended March 31, 2021</TD></TR></TABLE>

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



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

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

<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: left">&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-top: 7pt; width: 59%; padding-bottom: 7pt">
    <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"><B>Earnings Release</B></P>
    <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"></P>
    <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt; color: #CBF8FF; text-indent: 0.75in"><B>Q1 2021</B></P>
    <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 1in"></P></TD>
    <TD STYLE="padding-top: 7pt; width: 41%; font-size: 10pt; padding-bottom: 7pt"><IMG SRC="image_004.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR>
  </TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640">Luxembourg, April&nbsp;29, 2021</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 record start to 2021</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="color: #000640"><B>Group </B></FONT><B>highlig<FONT STYLE="color: #000640">hts
Q1 2021</FONT></B></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"><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; color: #474747"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Operating and financial metrics continued to improve in every country and business unit, with very robust customer net additions in
both our Cable and Mobile businesses and solid new account wins in B2B.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #474747"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Revenue was stable year-on-year, reflecting a recovery to pre-COVID activity levels in Q1 2021.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #474747"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Net profit turned positive and was $42 million in Q1 2021, up from a Net loss of $122 million in Q1 2020.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #474747"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Signed agreements to complete Africa divestiture program - net proceeds to accelerate deleveraging plans.</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 66%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #000640">
    <TD STYLE="border-top: black 1pt solid; width: 56%; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Financial highlights ($ millions)</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 14%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 15%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2020</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 15%; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; vertical-align: top"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Revenue</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1,088</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1,088</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">0.1%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; vertical-align: top"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Operating Profit</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">115</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">134</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(13.9)%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: top; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Net Profit (Loss) attributable to owners</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">42</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(122)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Latin America segment highlights<FONT STYLE="font-size: 10pt"><SUP>1</SUP></FONT>
&ndash; Q1 2021</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>Our Latin America (&ldquo;Latam&rdquo;) segment includes our Guatemala
and Honduras joint ventures as if fully consolidated. </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; color: #474747"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>&bull;</B></TD><TD>Service revenue growth up 1.3% year-on-year, with strong momentum across all businesses and markets.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #474747"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>&bull;</B></TD><TD>In Home, record HFC customer net adds of 166,000 and stable ARPU fueled service revenue growth of 6.5%.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #474747"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>&bull;</B></TD><TD>In Mobile, net additions of 1.1 million, with robust performance in all countries in both prepaid and postpaid.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #474747"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>&bull;</B></TD><TD>EBITDA grew 6.3%, our strongest performance in more than five years, reflecting the improved top line performance and sustained cost
control.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #474747"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>&bull;</B></TD><TD>OCF grew 10.4% to $471 million, consistent with our target of at least $1.4 billion for the year.</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 77%; border-collapse: collapse">
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-top: black 1pt solid; width: 48%; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Latam segment highlights ($ millions)</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 13%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 13%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2020</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 13%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 13%; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B><I>Organic % change</I></B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; vertical-align: top"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Revenue</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1,530</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1,504</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1.7%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><I>2.7%</I></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; vertical-align: top"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Service Revenue</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1,413</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1,395</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1.3%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><I>2.2%</I></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; vertical-align: top"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">EBITDA</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000040">638</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000040">600</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">6.3%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><I>5.9%</I></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; vertical-align: top"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">EBITDA Margin</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000040">41.7%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000040">39.9%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000040"><I>1.8 pt</I></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; vertical-align: top"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Capex</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000040">167</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000040">174</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000040">(3.9)%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">OCF (EBITDA &ndash; Capex)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000040">471</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000040">427</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000040">10.4%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><I>9.7%</I></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"></P>

<P STYLE="font: 10pt 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">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">&quot;Our
operational focus and strategic investments over the past year are paying off. After an incredibly strong Q1, we now have more customers,
and we are generating more revenue, more EBITDA and more OCF than we did one year ago, before the start of the pandemic. We did not just
recover; we are now above pre-COVID levels on most of our operational and financial KPIs. During the quarter, we added 166,000 customers
in Home, by far our best quarterly result ever, and we added 1.1 million customers in Mobile, our strongest Q1 performance in a decade.
As a result, service revenue, EBITDA and OCF accelerated in Q1, and the quarter ended on a very positive note, with Latam service revenue
growth exceeding 5.5% in March. </FONT></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"><FONT STYLE="background-color: white">Strategically,
we announced that we have signed agreements to dispose of our remaining operations in Africa. The Tanzania sale was the culmination of
a structured and competitive process with multiple bidders. We are very pleased with the outcome and plan to use the proceeds to reduce
our net debt. Our strong Q1 and these disposals give us increased flexibility to resume share buybacks later this year.&quot;</FONT></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; color: #000640"><B>Subsequent Events</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><FONT STYLE="background-color: white">On
April 19, 2021, we announced that we have signed agreements for the sale of our operations in Tanzania and for the disposal of our stake
in the AirtelTigo joint venture in Ghana. In Tanzania, Millicom agreed to sell its entire operations to a consortium led by Axian, a pan-African
group that was part of the consortium that acquired Millicom&rsquo;s operations in Senegal in 2018. In Ghana, Millicom along with its
joint venture partner, Bharti Airtel Limited, have signed a definitive agreement for the transfer of AirtelTigo to the Government of Ghana.
Millicom recorded a $25 million charge in Q1 as part of this agreement. Completion of each transaction is subject to regulatory approvals.
</FONT></P>

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

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

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

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

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><B><I><SUP>1</SUP></I></B><I> Service revenue, EBITDA,
EBITDA margin, Capex, OCF and Organic growth are non-IFRS measures. See page 12 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>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Group Quarterly Financial Review - Q1 2021</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: 77%; border-collapse: collapse">
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-top: black 1pt solid; width: 64%; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Income statement data (IFRS)</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; width: 12%; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; width: 12%; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2020</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; width: 12%; border-right: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD></TR>
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>$ millions (except EPS in $)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Revenue</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>1,088</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>1,088</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>0.1%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Cost of sales</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(303)</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(305)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(0.5)%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Gross profit</B></FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>785</B></FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>783</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>0.3%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Operating expenses</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(391)</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(401)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(2.6)%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Depreciation</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(217)</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(223)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(2.4)%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Amortization</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(107)</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(73)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">46.6%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Share of net profit in Guatemala and Honduras</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">61</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">45</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">36.5%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Other operating income (expenses), net</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(17)</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">3</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Operating profit</B></FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>115</B></FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>134</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(13.9)%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Net financial expenses</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(145)</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(141)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2.2%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Other non-operating income (expenses), net</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">58</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(159)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Gains (losses) from other JVs and associates, net</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(1)</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) before tax</B></FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>27</B></FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(167)</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(115.9)%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Net tax credit (expense)</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(3)</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">16</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(118.2)%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) from continuing operations</B></FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>24</B></FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(151)</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(115.7)%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Loss attributable to non-controlling interests</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">19</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">28</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(34.3)%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Net profit (loss) attributable to owners of the Company</B></FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>42</B></FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(122)</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>NM</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Weighted average shares outstanding (millions)</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">101.33</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">101.12</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">0.2%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">EPS</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">0.41</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(1.21)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt 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: #828282">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">In Q1 2021, group revenue was roughly
flat year-on-year at $1,088 million due to strong operational results offset by the translation impact of weaker currencies in Paraguay
and Costa Rica. Operating expenses declined 2.6% ($11 million) year-on-year to $391 million, largely reflecting an $8 million one-off
in 2020.</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">Depreciation decreased 2.4% ($5
million) year-on-year to $217 million, due to network modernization activities which accelerated the depreciation of older infrastructure
in 2020. Amortization increased 46.6% ($34 million) to $107 million reflecting our decision to transition the Cable Onda brand to Tigo
in Panama, which took effect in April 2021.</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">Our share of profits in&nbsp;Guatemala
and Honduras&nbsp;was $61 million, up 36.5% ($16 million) year-on-year due to strong operational performance and lower financing costs
resulting from a reduction in debt in Guatemala. Other operating expenses of $17 million in Q1 2021 includes a $25 million charge related
to the disposal of our stake in AirtelTigo in Ghana. <FONT STYLE="background-color: white">As a resul</FONT>t, operating profit&nbsp;was
$115 million in Q1 2021, down 13.9% ($19 million) year-on-year.</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;$3
million year-on-year to $145 million, mostly due to accrued interest related to our spectrum purchase in Colombia. Other non-operating
income of $58 million reflects the mark to market revaluation of our equity investment in Helios Towers as well as foreign exchange gains.
This compares to an expense of $159 million in Q1 2020,&nbsp;due to the mark to market of equity investments in Helios Towers and Jumia,
as well as foreign exchange losses.</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"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><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-top: 7pt; padding-bottom: 7pt; width: 59%"> <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"><B>Earnings Release</B></P><P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt; color: #CBF8FF; text-indent: 0.75in"><B>Q1 2021</B></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 1in"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 41%"><IMG SRC="image_004.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<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"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">The tax expense was $3 million
in&nbsp;Q1 2021, compared to a credit of $16 million in Q1 2020, which benefited from a deferred tax credit. Non-controlling interests
reflect our partners' share of net pro<FONT STYLE="background-color: white">fits an</FONT>d losses, largely in our Colombia and Panama
subsidiaries. These were $19 million in Q1 2021, down from $28 million in Q1 2020, due to improvement in Colombia, partially offset by
weaker performance in 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">As a result of these factors, net&nbsp;profit&nbsp;for
the period attributable to owners of the Company was $42 million,&nbsp;or $0.41&nbsp;per share, as compared to a net loss of $122 million
($1.21 per share) in Q1 2020. The weighted average number of shares during the quarter was 101.33 million, a slight increase of 0.21%
year-on-year related to our employee share-based compensation plans. As of March 31, 2021, we had 101,739,217 shares outstanding, including
206,130 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: 77%; border-collapse: collapse">
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-top: black 1pt solid; width: 68%; border-bottom: #44546A 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Cash flow data ($ millions)</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 10%; border-bottom: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 10%; border-bottom: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2020</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 12%; border-right: black 1pt solid; border-bottom: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Operating free cash flow*</B></FONT></TD>
    <TD STYLE="border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(18)</B></FONT></TD>
    <TD STYLE="border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>15</B></FONT></TD>
    <TD STYLE="border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>NM</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Finance charges paid, net</FONT></TD>
    <TD STYLE="border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(92)</FONT></TD>
    <TD STYLE="border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(104)</FONT></TD>
    <TD STYLE="border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(11.7)%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Lease interest payments, net</FONT></TD>
    <TD STYLE="border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(36)</FONT></TD>
    <TD STYLE="border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(37)</FONT></TD>
    <TD STYLE="border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(3.4)%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Free cash flow*</B></FONT></TD>
    <TD STYLE="border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(146)</B></FONT></TD>
    <TD STYLE="border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(126)</B></FONT></TD>
    <TD STYLE="border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>15.8%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Dividends and advances from Guatemala and Honduras</FONT></TD>
    <TD STYLE="border-left: #000640 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">24</FONT></TD>
    <TD STYLE="border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Dividends and advances to non-controlling interests</FONT></TD>
    <TD STYLE="border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(3)</FONT></TD>
    <TD STYLE="border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Equity free cash flow*</B></FONT></TD>
    <TD STYLE="border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(149)</B></FONT></TD>
    <TD STYLE="border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(102)</B></FONT></TD>
    <TD STYLE="border-left: #000640 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>45.4%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Lease principal repayments</FONT></TD>
    <TD STYLE="border-left: #000640 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(29)</FONT></TD>
    <TD STYLE="border-left: #000640 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(31)</FONT></TD>
    <TD STYLE="border-left: #000640 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(4.8)%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Equity free cash flow after leases*</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #000640 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(178)</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #000640 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(133)</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #000640 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>33.8%</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>*</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>Non-IFRS measures. See page 12 for a description
of these measures. Please refer to page 17 of this Earnings Release or to Note 4 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 $19 million in Q1 2021 and negative $31 million in Q1 2020, before lease principal repayments of $38 million in each year.</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: #828282"><FONT STYLE="background-color: white">During
Q1 2021, </FONT>operating free cash flow (OFCF), defined as EBITDA, less cash capex (excluding spectrum and licenses), working capital,
other non-cash items and taxes paid, was negative $18 million, a decrease of $33 million compared to positive $15 million in Q1 2020.
The decline reflects increased levels of working capital to support improved revenue growth, which more than offset the increase in EBITDA
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">Finance charges declined $12 million
to $92 million due to lower average levels of gross debt, while lease interest payments were unchanged. As a result, free cash flow (FCF)
was negative $146 million in Q1 2021, a reduction of $20 million compared to $126 million in Q1 2020. FCF is typically negative in Q1
due to seasonal factors, including the timing of capex and other working capital items that are often contracted in Q4 but paid for in
Q1.</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">In Q1 2021, dividends and advances
received from our joint ventures in Guatemala and Honduras were nil, compared to $24 million received in Q1 2020. This reflects the decision
to prioritize use of Guatemala's cash generation to re-pay principal on notes payable to shareholders. As of the end of March 2021, Guatemala
had already repaid $148 million in notes payable to the Group, and the remaining balance of $45 million is expected to be paid in full
during Q2 2021. Meanwhile, dividends paid to non-controlling interests in Colombia were $3 million.</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, Equity Free Cash Flow
(EFCF) for Q1 2021 was $(149) million, as compared to $(102) million in Q1 2020. Further adjusting for lease principal repayments, EFCF
after leases was $(178) million, down 33.8% from $(133) million in Q1 2021.</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"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><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-top: 7pt; padding-bottom: 7pt; width: 59%"> <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"><B>Earnings Release</B></P><P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt; color: #CBF8FF; text-indent: 0.75in"><B>Q1 2021</B></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 1in"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 41%"><IMG SRC="image_004.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR></TABLE></DIV>
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<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; 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="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Debt information </B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Gross Debt</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Cash</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Net</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Leases</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Financial Obligations</B></FONT></TD></TR>
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-left: black 1pt solid; width: 30%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>($ millions)</B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>USD</B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>LCY</B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Total</B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Debt</B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Gross</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; width: 11%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Net*</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Latin America</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">620</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2,274</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2,895</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">342</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2,553</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">782</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">3,677</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">3,335</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Africa</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">162</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">41</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">203</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">12</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">191</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">196</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">399</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">387</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Corporate</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2,276</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">38</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2,314</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">249</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2,066</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">23</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2,337</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2,088</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Group (IFRS)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>3,058</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>2,354</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>5,412</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>603</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>4,809</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>1,000</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>6,412</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>5,810</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Guatemala and Honduras</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">197</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">551</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">748</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">220</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">528</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">285</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1,033</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">813</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Underlying (non-IFRS)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>3,256</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>2,904</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>6,160</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>823</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>5,337</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>1,285</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>7,445</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>6,622</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Proportionate (non-IFRS) </FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">3,162</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2,151</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">5,313</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">670</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">4,642</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">986</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">6,299</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">5,629</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"><I>* Net Debt and Net financial obligations are non-IFRS
measures. See page 12 for a description of non-IFRS measures and for reconciliations to the nearest equivalent IFRS measures Cash includes
term deposits of nil as of March 31, 2021.</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, 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: #828282">As of March 31, 2021, underlying
gross debt was $6,160 million, a reduction of $281 million during the quarter. Our underlying gross debt includes Guatemala and Honduras,
which had $748 million of gross debt as of March 31, 2021, a decrease of $2 million during the quarter.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Approximately 59% of underlying
gross debt at March 31, 2021 was in Latam, 3% in Africa, and the remaining 38% at the corporate level. Over the past year, we have lowered
our average effective interest rate to 5.5% from 5.8%, while also improving the mix to 47% in local currency or swapped for local currency
as of Q1 2021, up from 33% as of Q1 of 2020. In addition, 81% was at fixed rates or swapped for fixed rates, and the average maturity
of 5.9 years, in line with our targets. On our dollar-denominated debt, the average rate was 5.2% with an average maturity of 6.4 years,
as of March 31, 2021.</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">Our underlying cash position was
$823 million as of March 31, 2021, a decrease of $299 million compared to $1,122 million as of December 31, 2020, mainly due to debt repayment
activity. Of our underlying cash balance, 68% was held in U.S. dollars. As a result, our underlying net debt was $5,337 million as of
March 31, 2021, a decrease of $18 million during the quarter.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">In addition, as of March 31, 2021,
we had underlying lease liabilities of $1,285 million, which represented 17% of underlying gross financial obligations. Including these
lease liabilities, underlying net financial obligations were $6,622 million as of March 31, 2021, a reduction of $9 million during the
quarter.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">Proportionate leverage<SUP>2</SUP>,
which captures our proportional ownership in each country as well as lease obligations, was 3.13x as of March 31, 2021. This is down from
3.20x as of December 31, 2020 due primarily to EBITDA growth. Excluding the impact of leases, proportionate leverage would have been 3.00x<SUP>[3]</SUP>,
an improvement from 3.07x as of December 31, 2020.</P>

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

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

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><B><I><SUP>2</SUP></I></B><I>
Proportionate leverage is a non-IFRS measure calculated using LTM (last twelve-month) EBITDA, proforma for acquisitions and disposals.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><B><I><SUP>3</SUP></I></B><I> Proportionate leverage
after leases is the ratio of proportionate net debt over LTM EBITDA after leases, proforma for acquisitions made during the last twelve
months. Refer to page 12 for a description of non-IFRS measures and for reconciliations to the nearest equivalent IFRS measures.</I></P></P>

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

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

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    <DIV STYLE="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: right; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><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-top: 7pt; padding-bottom: 7pt; width: 59%"> <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"><B>Earnings Release</B></P><P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt; color: #CBF8FF; text-indent: 0.75in"><B>Q1 2021</B></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 1in"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 41%"><IMG SRC="image_004.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<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; 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. We allocate corporate costs to each segment based on their contribution to underlying revenue, and
only unusual costs, such as the M&amp;A-related fees remain unallocated. </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 4 of our Unaudited
Interim Condensed Consolidated Financial Statements for more details on our segments. 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: #828282">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: #828282">&nbsp;</P>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #828282">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: #828282">&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: #828282">Economic activity continued to
recover gradually in our markets, as most countries continued to ease lockdowns implemented at the beginning of the pandemic, and remittances
from the U.S. to Central America sustained double-digit growth. Temporary restrictions were implemented in some countries and regions,
as governments took steps to prevent a spike in new cases stemming from gatherings around the year-end and Easter holidays. However, these
new restrictions appear to have had a less severe impact on economic activity and on our business as compared to those implemented at
the onset of the pandemic. Meanwhile, vaccinations have begun, but less than 1% of the population in our markets had been vaccinated as
of the end of March. Currencies in our markets generally strengthened, with the Colombian peso and the Paraguayan guarani gaining 3.0%,
and 4.4% respectively against the U.S. dollar during the quarter. Foreign exchange rates and movements are presented on page 15.</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"></P>

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


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    <!-- Field: /Page -->

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-top: black 1pt solid; width: 39%; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Key Performance Indicators (&lsquo;000)</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 10%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 10%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2020</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 10%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2020</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 10%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q2 2020</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 10%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2020</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 11%; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021 vs Q1 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">42,805</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">41,734</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">39,483</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">37,777</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">39,449</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">8.5%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 15.75pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which 4G customers</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">18,830</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">18,243</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">16,330</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">14,290</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">14,876</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">26.6%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 15.75pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which postpaid subscribers</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">5,060</FONT></TD>
    <TD STYLE="background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">4,920</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">4,773</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">4,636</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">5,078</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(0.4)%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Mobile ARPU ($)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">6.5</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">6.8</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">6.8</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">6.4</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">7.0</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(6.6)%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Total homes passed</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">12,248</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">12,229</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">12,106</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">11,976</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">11,929</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2.7%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 15.75pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which HFC homes passed</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">11,949</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">11,888</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">11,762</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">11,630</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">11,570</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">3.3%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Total customer relationships</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">4,701</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">4,545</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">4,453</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">4,296</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">4,391</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">7.1%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 15.75pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which HFC customer relationships</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">3,899</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">3,733</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">3,630</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">3,484</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">3,531</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">10.4%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">HFC revenue generating units</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">7,971</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">7,602</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">7,343</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">7,056</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">7,143</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">11.6%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 15.75pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which Broadband Internet</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">3,535</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">3,356</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">3,238</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">3,086</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">3,089</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">14.5%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Home ARPU ($)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">28.8</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">28.0</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">27.7</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">27.6</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">28.7</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">0.3%</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>Mobile</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: #828282">We ended Q1 2021 with 42.8 million
customers, an increase of 1.1 million during the quarter<FONT STYLE="background-color: white">, our strongest performance Q1 of the past
decade in what is usually a seasonally-weaker quarter. Approximately one quarter of the net additions came from Colombia, where we continue
to expand our network on the 700 MHz spectrum, and from Honduras, where the prepaid mobile market continued to strengthen, likely aided
by robust remittances. </FONT></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"><FONT STYLE="background-color: white">In
postpaid, we added 140,000 customers to end the quarter with more than 5 million, just 75,000 below the pre-COVID peak reached at year-end
2019. We added 587,000 new 4G smartphone data users, and these now account for 44% of our mobile customer base, up from 38% in Q1 2020.</FONT></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">Tigo Money, our mobile financial
services platform available in five of our nine Latam markets, saw customers increase 11.4% year-on year, ending the quarter with 4.8
million.</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">Mobile ARP<FONT STYLE="background-color: white">U
declined 6.6% year-on-year to $6.5, due</FONT> mostly to the shift in mix from postpaid to prepaid over the past year caused by the pandemic.</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>Home</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: #828282">In Home, our residential cable
business, we continued to experience very strong demand for all our services, and we added a record 166,000 HFC customer relationships
in the quarter. At the end of Q1, our networks passed 12.2 million homes, an increase of 19,000 during the period, reflecting the expansion
of our HFC network to 61,000 additional homes, offset by the shut down of our UHF network in Paraguay and the loss of approximately 8,000
homes in Honduras in the hurricanes of Q4 2020. As a result, penetration on our HFC network increased to 32.6%, an increase of 2.1 percentage
points from 30.5% in Q1 2020.</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">Demand was strong across the board,
with most countries registering higher customer relationship net additions in Q1 of 2021 as compared to both Q1 and Q4 of 2020. Bolivia
added a record 50,000 customer relationships driven by a back-to-school campaign, while Colombia registered its strongest Q1 net additions
ever. Guatemala added a record of 36,000 customer relationships, resulting in a growth of 20.6% year-on-year in Q1 2021. Home ARPU improved
by $0.80 sequentially to $28.8, roughly flat ye<FONT STYLE="background-color: white">ar-on-year</FONT>.</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"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><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-top: 7pt; padding-bottom: 7pt; width: 59%"> <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"><B>Earnings Release</B></P><P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt; color: #CBF8FF; text-indent: 0.75in"><B>Q1 2021</B></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 1in"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 41%"><IMG SRC="image_004.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR></TABLE></DIV>
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<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; color: #000640"><B>Latam segment financial results</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: 77%; border-collapse: collapse">
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-top: black 1pt solid; width: 41%; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B><I>Latam Financial Highlights*</I></B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; width: 17%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; width: 14%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2020</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; width: 14%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; width: 14%; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B><I>Organic % change</I></B></FONT></TD></TR>
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>($m, unless otherwise stated)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Revenue</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1,530</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1,504</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1.7%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>2.7%</I></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Service revenue</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1,413</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1,395</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1.3%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>2.2%</I></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;Mobile</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>833</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>843</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>(1.2)%</I></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; vertical-align: bottom; background-color: white">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;Cable and other fixed services</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>563</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>539</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>4.6%</I></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; vertical-align: bottom; background-color: white">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;Other</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>17</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>13</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>22.9%</I></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; background-color: white; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">EBITDA</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">638</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">600</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">6.3%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>5.9%</I></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">EBITDA margin</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">41.7%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">39.9%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000040"><I>1.8 pt</I></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; vertical-align: bottom; background-color: white">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Capex</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">167</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">174</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(3.9)%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; vertical-align: bottom; background-color: white">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">OCF</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">471</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">427</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">10.4%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>9.7%</I></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>* Service revenue, EBITDA, EBITDA margin, Capex,
OCF and organic growth are Non-IFRS measures. Capex is defined as capital expenditures excluding spectrum, license costs and finance lease
capitalizations. See page 12 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: #828282">In Q1 2021, revenue in our Latam
segment increased 1.7% year-on-year to $1.5 billion, while service revenue increased 1.3% to $<FONT STYLE="background-color: white">1,413
million</FONT>. Adjusting for currency, organic service revenue grow<FONT STYLE="background-color: white">th was 2.2% year-o</FONT>n-year,
the first positive service revenue growth since Q1 2020, reflecting strong business performance in both Mobile and Home.</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">In local currency terms, service
revenue growth was the strongest in El Salvador (8.9%), Guatemala (6.1%), and Colombia (3.1%), while growth remained slightly negative
in countries most affected by the pandemic, including Bolivia (-2.2%) and Panama (-1.0%). Encouragingly, Honduras service revenue was
about flat year-on-year, a significant improvement from -3.4% in Q4, -6.0% in Q3 and -12.4% in Q2, at the height of the lockdowns, with
the improvement coming from Mobile, which returned to positive growth for the first time since mid 2019.</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">For a second consecutive quarter,
El Salvador registered high single-digit service revenue growth, as recent network investments have fueled very robust growth in Mobile.
Guatemala sustained growth of more than 6% in Q1, as continued acceleration in Home and B2B largely offset a slight deceleration in B2C
mobile, which grew at a low single-digit rate. In Colombia, Home service revenue growth accelerated to more than 7.5% in the quarter,
while Mobile and B2B continued to show healthy sequential improvement but remained down slightly on a year-on-year basis. In Panama, mid-single-digit
growth in our consumer businesses largely offset performance in B2B, which remains well below pre-COVID levels due to the weak macroeconomic
backdrop.</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"><FONT STYLE="background-color: white">By
business unit, </FONT>Home service revenue grew 6.4% year-on-year (7.9% organically), a significant acceleration from flat performance
in Q4 (3.8% organic), fueled by customer growth and improving ARPU trends, as well as stronger foreign exchange rates. <FONT STYLE="background-color: white">In
our consumer Mobile business, organic service revenue grew 0.6% year-on-year, with every country in Central America showing positive year-on-year
growth. Finally, B2B service revenue declined 3.2% organically, compared to a decline of 6.3% in Q4 2020, as performance improved in most
countries.</FONT></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">EBITDA for our Latam segment was
$638 million in Q1 2021, an increase of 6.3% year-on-year (5.9% organically) compared to $600 million in Q1 2020. Growth was positive
in most countries, with El Salvador and Guatemala leading the way with double-digit growth, while performance in Nicaragua was flattered
by a $8 million one-off in Q1 2020 related to a municipal withholding tax stemming from the acquisition. The EBITDA margin expanded by
1.8 percentage points year-on-year to 41.7% in Q1 2021.</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"><FONT STYLE="background-color: white">Capex
in Latin America was $167 million in the quarter. In mobile, we added more than 150 points of presence to our 4G network, and we ended
the quarter with more than 15,100 points of presence, an increase of 19% year-on-year. At the end of Q1 2021, our 4G networks covered
approximately 77% of the population (approximately 120 million in our markets), up from approximately 73% at Q1 2020. </FONT></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"><FONT STYLE="background-color: white">Operating
cash flow (OCF), measured as EBITDA minus Capex, increased 10.4% year-on-year to $471 million in Q1 2021, an increase o</FONT>f 9.7% on
<FONT STYLE="background-color: white">an organic basis.</FONT></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"></P>

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<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; color: #000640"><B>Africa segment - Segment financial results and Key
Performance Indicators</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>Please refer to Note 4 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: 66%; border-collapse: collapse">
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-top: black 1pt solid; width: 46%; border-right: #44546A 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Africa Financial Highlights*</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; width: 18%; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; width: 18%; border-right: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2020</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; width: 18%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B><I>% change</I></B></FONT></TD></TR>
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>($m, unless otherwise stated)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Revenue</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">89</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">89</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(0.3)%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Service revenue</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">89</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">89</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(0.3)%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">EBITDA</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">31</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">30</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">3.4%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">34.5%</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">33.2%</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>1.2 pt</I></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Capex</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">5</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #44546A 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">5</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #44546A 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(6.1)%</FONT></TD></TR>
  <TR STYLE="background-color: #000640">
    <TD COLSPAN="2" STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Key Performance Indicators ('000)</B></FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-left: #44546A 1pt solid; vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">13,545</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">11,727</FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">15.5%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 9pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>Tigo Money customers</I></FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>6,957</I></FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>6,230</I></FONT></TD>
    <TD STYLE="border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>11.7%</I></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Mobile ARPU ($)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2.2</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2.3</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #44546A 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(6.6)%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><I>* Service revenue, EBITDA and Capex are non-IFRS
measures. See page 12 for a description of non-IFRS measures and for reconciliations to the nearest equivalent IFRS measures. 2019 EBITDA
has been re-presented as a result in the change in cost allocation. </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: #828282">Our Africa segment comprises our
Tanzania operations. <FONT STYLE="background-color: white">On April 19, 2021, we announced that we have signed an agreement for the sale
of our operations in Tanzania to a consortium led by Axian, a pan-African group that was part of the consortium that acquired Millicom&rsquo;s
operations in Senegal in 2018. Completion is subject to regulatory approvals.</FONT></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">Service revenue for our Africa
segment was stable year-on-year at $89 million in Q1 2021, while <FONT STYLE="background-color: white">EB</FONT>ITDA increased 3.4% year-on-year
to $31 million due to continued cost control efforts.</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; color: #000640"><B>Corporate Responsibility highlights &ndash; Q1 2021
</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>Responsible Leadership in Action:
adapting our programs to the COVID-19 pandemic</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #828282"><B>Connecting Communities</B></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">We find great opportunities for
the expansion of Maestr@s Conectad@s (Connected Teachers), as ongoing uncertainties around the evolution of the pandemic in our countries
present scenarios in which schools will continue to at least present hybrid modules of online and in-person classes for several months.
Teachers, therefore, remain challenged by these circumstances and will require the support, tools and training this program can offer.
Significant progress has been made with partner organization AYHU, with over 37,000 more teachers who have completed the training as of
the end of Q1. All Latam countries will have the program implemented by Q2 of 2021.</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; color: #828282"><B>Empowering Women </B></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">After our successful 2020 pilot
in El Salvador training Tigo Money Sales Agents and entrepreneurs where 40 women participated and were able to show increased sales and
income after completing the program, we relaunched the program in March, this time with the goal to reach 6,100 women of our value chain
who use Tigo Money as part of their business, through trainings on digital entrepreneurship skills. This project is launched in partnership
with USAID, and we are looking for other companies to participate, incorporating women from their value chains in the training.</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>Responsible Supply Chain Management</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: #828282">We have confirmed the partner for
the design of the new virtual Supplier Training Program and work is currently underway in the creation of the content, based on previous
years trainings and new material. The goal for 2021 is to reach 75% of Millicom's suppliers with a spend of more than $1 million.</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>Health, safety and sustainability</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: #828282">The Millicom&rsquo;s Executive
Team and the Health &amp; Safety function continued working with country operations to ensure the safety of our people as well as service
continuity as we adapt to the evolving needs in line with the latest COVID-19 guidelines from the World Health Organization and the U.S.
Center for Disease Control at all our critical sites and operations region-wide as the situation evolves. Over half of our employees continue
to work remotely from the safety of their homes.</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"></P>

<!-- Field: Page; Sequence: 31; Value: 1 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><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-top: 7pt; padding-bottom: 7pt; width: 59%"> <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"><B>Earnings Release</B></P><P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt; color: #CBF8FF; text-indent: 0.75in"><B>Q1 2021</B></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 1in"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 41%"><IMG SRC="image_004.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<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>Compliance and anti-corruption
program </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: #828282">During Q1 2021, we launched the
2021 Compliance KPIs applicable to all Local Operations, as part of our efforts to increase our Ethics &amp; Compliance Program maturity
level from year to year. The Legal, Ethics &amp; Compliance Department kicked off the 2021 Communication Plan with messaging from senior
and mid-level leadership and adding a new component of monthly gatherings for HQ called &ldquo;Coffee with Compliance.&rdquo; The aim
is to remain relevant amongst company employees while working remotely and provide a forum for them to ask Compliance-related questions
as well as obtain answers in real time.</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">The Department also conducted a
communication and training campaign to make employees aware of and knowledgeable about the new Corrective Action Framework, launched at
the end of 2020.</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>Video conference details</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"><FONT STYLE="color: gray">A video conference to
discuss these results will take place on April 29th a<FONT STYLE="background-color: white">t 14:00 (Luxembourg/Stockholm) / 13:00 (London)
/ 08:00 (Miami)</FONT>. Registration for the live event is required and is available at the following </FONT><FONT STYLE="color: blue">link</FONT><FONT STYLE="color: gray">.
Upon registering, participants will receive a confirmation email with personalized credentials required to join the event. Alternatively,
participants can join in a listen-only mode, by dialing any of the following numbers and using webinar ID number 829-3020-3271. Please
dial a number base on your location:</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: 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="vertical-align: top">
    <TD STYLE="width: 5%; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray; background-color: white">US</FONT></TD>
    <TD STYLE="width: 24%; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray; background-color: white">+1 929 205 6099&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="width: 15%; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray; background-color: white">Sweden:</FONT></TD>
    <TD STYLE="width: 56%; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray; background-color: white">&nbsp;+46 850 539 728</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray; background-color: white">UK:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray; background-color: white">+44 330 088 5830&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray; background-color: white">Luxembourg:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray; background-color: white">&nbsp;+352 342 080 9265</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"></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"><FONT STYLE="color: gray">Additional international
numbers are available at the following</FONT> <FONT STYLE="color: blue">link</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: gray">A replay of the event
will be available on the </FONT><FONT STYLE="color: blue">Millicom website</FONT><FONT STYLE="color: gray">. </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; 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>2021&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>&nbsp;</B></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; width: 15%; border-bottom: black 1pt solid; border-left: #44546A 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Date</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 85%; border-right: #44546A 1pt solid; border-bottom: black 1pt solid; border-left: #44546A 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Event</B></FONT></TD></TR>
  <TR>
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray">May 4</FONT></TD>
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray">2021 AGM</FONT></TD></TR>
  <TR>
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray">July 29</FONT></TD>
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray">Q2 2021 results and conference call </FONT></TD></TR>
  <TR>
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray">October 28</FONT></TD>
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: gray">Q3 2021 results and conference call</FONT></TD></TR>
  </TABLE>

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

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    <!-- Field: /Page -->

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Press:</B></FONT></TD>
    <TD STYLE="width: 50%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Investors:</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Vivian Kobeh, Corporate Communications Director</FONT></TD>
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Michel Morin, VP Investor Relations</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">+1 (786) 628-5300</FONT></TD>
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">+1 (786) 628-5270</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">press@millicom.com</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">investors@millicom.com</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">Sarah Inmon, Director Investor Relations</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">+1 (786) 628-5303</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285">investors@millicom.com</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>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 fixed 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, 2020, Millicom operating subsidiaries and joint ventures employed more than 21,000 people and provided
mobile services to approximately 55 million customers, with a cable footprint of more than 12 million homes passed. Founded in 1992, Millicom
International Cellular S.A. is headquartered in Luxembourg.</P>

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


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    <!-- Field: /Page -->

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

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

<P STYLE="font: 14pt 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">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. In particular, there is uncertainty about the spread of the COVID-19 virus and the impact
it may have on Millicom's operations, the demand for Millicom's products and services, global supply chains and economic activity in general.
The risks and uncertainties include, but are not limited to, the following:</P>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>potential disruption due to diseases, pandemics, political events, piracy or acts by terrorists, including the impact of the recent
outbreak of the COVID-19 virus and the ongoing efforts throughout the world to contain it;&#9;</TD></TR></TABLE>

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>other factors or trends affecting our financial condition or results of operations.&#9;</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">&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. To the extent COVID-19 adversely affects Millicom's business and financial
results, it may also have the effect of heightening many of the risks described in its filings.</P>

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

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

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


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><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-top: 7pt; padding-bottom: 7pt; width: 59%"> <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"><B>Earnings Release</B></P><P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt; color: #CBF8FF; text-indent: 0.75in"><B>Q1 2021</B></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 1in"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 41%"><IMG SRC="image_004.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

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

<P STYLE="font: 14pt 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">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, 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: #000640"><B>Financial Measure Descriptions</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"><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>EBITDA after Leases
(EBITDAaL) </B></FONT><FONT STYLE="color: #808285">represents EBITDA excluding lease repayments. </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 Margin</B></FONT>
<FONT STYLE="color: #808285">represents EBITDA in relation to Revenue.</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 Debt and financial liabilities less cash and pledged 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 liabilities.</FONT></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #001F5F"><B>Proportionate 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"></P>

<!-- Field: Page; Sequence: 35; Value: 1 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><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-top: 7pt; padding-bottom: 7pt; width: 59%"> <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"><B>Earnings Release</B></P><P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt; color: #CBF8FF; text-indent: 0.75in"><B>Q1 2021</B></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 1in"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 41%"><IMG SRC="image_004.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<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 after
leases</B></FONT> <FONT STYLE="color: #808285">is the ratio of net debt over LTM (Last twelve month) EBITDA after leases, 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>Proportionate leverage
after leases</B></FONT> <FONT STYLE="color: #808285">is the ratio of proportionate net debt over LTM (Last twelve month) EBITDA after
leases, 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 lease capitalizations. </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. </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 (OFCF) </B></FONT> <FONT STYLE="color: #808285">is OCF less changes in working capital and other non-cash items and taxes paid.
</FONT></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #001F5F"><B>Equity Free Cash
Flow (EFCF)</B></FONT> <FONT STYLE="color: #808285">is OFCF 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>Equity Free Cash
Flow after Lease</B>s <B>(EFCFaL</B>) </FONT><FONT STYLE="color: #808285">is EFCF, less lease principal repayments.</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>

<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"><FONT STYLE="color: #001F5F"><B>Average Revenue
per User per Month (ARPU)</B></FONT> <FONT STYLE="color: #808285">for our Mobile customers is (x) the total mobile and mobile financial
services revenue (excluding revenue earned from tower rentals, call center, data and mobile virtual network operator, visitor roaming,
national third parties roaming and mobile telephone equipment sales revenue) for the period, divided by (y) the average number of mobile
subscribers for the period, divided by (z) the number of months in the period. We define ARPU for our Home customers in our Latin America
segment as (x) the total Home revenue (excluding equipment sales, TV advertising and equipment rental) for the period, divided by (y)
the average number of customer relationships for the period, divided by (z) the number of months in the period. ARPU is not subject to
a standard industry definition and our definition of ARPU may be different to other industry participants.</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; color: #000640"><B><I>Please refer to our 2020 Annual Report for a list
and description of non-IFRS measures. </I></B></P>

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


<!-- Field: Page; Sequence: 36; Value: 1 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><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-top: 7pt; padding-bottom: 7pt; width: 59%"> <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"><B>Earnings Release</B></P><P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt; color: #CBF8FF; text-indent: 0.75in"><B>Q1 2021</B></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 1in"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 41%"><IMG SRC="image_004.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>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 segment<SUP>4</SUP></B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #000640">
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; width: 32%; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Latam Segment ($ millions)</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 17%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B><U>Revenue</U></B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 17%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B><U>Service Revenue</U></B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 17%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B><U>EBITDA</U></B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 17%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B><U>OCF</U></B></FONT></TD></TR>
  <TR STYLE="background-color: #000640">
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">A- Current period</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1,530</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1,413</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">638</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">471</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">B- Prior year period</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1,504</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1,395</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">600</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">427</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>C- Reported growth (A/B)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>1.7%</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>1.3%</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>6.3%</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>10.4%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">D- FX impact</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(0.9)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(0.9)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(0.8)%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(1.2)%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">E- Other*</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(0.1)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(0.1)%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1.2%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1.8%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>F- Organic Growth (C-D-E)</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>2.7%</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>2.2%</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>5.9%</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>9.7%</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>*Organic growth for EBITDA and OCF are calculated excluding
the allocation of corporate costs to reflect operational growth and to align with how we manage the Latam segment. The differences that
this causes are captured in &quot;Other&quot;.</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>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: 77%; border-collapse: collapse">
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-top: black 1pt solid; width: 74%; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Latam Segment - Mobile ARPU Reconciliation</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 13%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 13%; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Mobile service revenue ($m)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">833</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">843</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>Mobile Service revenue ($m) from non Tigo customers ($m) *</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>(6)</I></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>(12)</I></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Mobile Service revenue ($m) from Tigo customers (A)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">827</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">831</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers - end of period (000)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">42,805</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">39,449</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Mobile customers - average (000) (B) **</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">42,270</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">39,647</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Mobile ARPU (USD/Month) (A/B/number of months)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">6.5</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">7.0</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>&nbsp;</I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>** Average QoQ for the quarterly view is the average
of the last quarter.</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: 77%; border-collapse: collapse">
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-top: black 1pt solid; width: 74%; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Latam Segment - Home&nbsp;&nbsp;ARPU Reconciliation</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 13%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 13%; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Home service revenue ($m)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">409</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">384</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>Home service revenue ($m) from non Tigo customers ($m) *</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>(10)</I></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>(8)</I></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Home service revenue ($m) from Tigo customers (A)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">399</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">376</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Customer Relationships - end of period (000) **</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">4,701</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">4,391</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Customer Relationships - average (000)&nbsp;&nbsp;(B) ***</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">4,623</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">4,366</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Home ARPU (USD/Month) (A/B/number of months)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">28.8</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">28.7</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: gray"><I>&nbsp;</I></P>

<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 technologies (HFC
+ Other Technologies + DTH &amp; Wimax RGUs).</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 is the average
of the last quarter.</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: gray"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<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"><FONT STYLE="font-size: 10pt"><SUP>4</SUP></FONT> <FONT STYLE="color: gray">See
<I>Note 4 of our Unaudited Interim Condensed Consolidated Financial Statements for details on our segments.</I></FONT></P>

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


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><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-top: 7pt; padding-bottom: 7pt; width: 59%"> <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"><B>Earnings Release</B></P><P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt; color: #CBF8FF; text-indent: 0.75in"><B>Q1 2021</B></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 1in"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 41%"><IMG SRC="image_004.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<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>One-off Summary - Items above EBITDA only </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: 77%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; width: 21%; border-left: black 1pt solid; background-color: #000640"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2020 ($ millions)</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; width: 10%; background-color: #000640; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Revenue</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; width: 10%; background-color: #000640; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; width: 58%; border-right: black 1pt solid; background-color: #000640; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Comment </B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">Nicaragua</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(8)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Municipal withholding tax on acquisition</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black"><B>Latam Total</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(8)</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>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="background-color: #000640">
    <TD STYLE="border-top: black 1pt solid; vertical-align: bottom; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; vertical-align: bottom; border-right: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-top: black 1pt solid; vertical-align: top; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B><U>Average FX rate (vs. USD)</U></B></FONT></TD>
    <TD COLSPAN="6" STYLE="border-top: black 1pt solid; vertical-align: top; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt 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="border-left: black 1pt solid; vertical-align: bottom; width: 19%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 6%">&nbsp;</TD>
    <TD STYLE="border-left: black 1pt solid; width: 7%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 21</B></FONT></TD>
    <TD STYLE="width: 7%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q4 20</B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>QoQ</B></FONT></TD>
    <TD STYLE="width: 7%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 20</B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>YoY</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 21</B></FONT></TD>
    <TD STYLE="width: 7%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q4 20</B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>QoQ</B></FONT></TD>
    <TD STYLE="width: 7%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 20</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; width: 8%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>YoY</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Bolivia</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">BOB</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">6.91</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">6.91</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">6.91</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">6.91</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">6.91</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">6.91</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Colombia</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">COP</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">3,588</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">3,695</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">3.0%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">3,573</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(0.4)%</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">3,737</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">3,433</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(8.1)%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">4,065</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">8.8%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Costa Rica</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">CRC</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">616</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">611</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(0.8)%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">577</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(6.3)%</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">616</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">617</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">0.2%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">587</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(4.6)%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Guatemala</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">GTQ</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">7.75</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">7.80</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">0.6%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">7.68</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(0.9)%</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">7.71</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">7.79</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1.0%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">7.68</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(0.4)%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Honduras</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">HNL</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">24.16</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">24.36</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">0.8%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">24.77</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2.5%</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">24.10</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">24.20</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">0.4%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">24.84</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">3.1%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Nicaragua</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">NIO</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">34.91</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">34.72</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(0.6)%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">33.96</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(2.7)%</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">34.99</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">34.82</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(0.5)%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">34.09</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(2.6)%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Paraguay</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">PYG</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">6,696</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">6,989</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">4.4%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">6,514</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(2.7)%</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">6,311</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">6,900</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">9.3%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">6,563</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">4.0%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Tanzania</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">TZS</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2,315</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2,319</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">0.2%</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2,300</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(0.6)%</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2,319</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2,319</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2,301</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; vertical-align: bottom; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(0.8)%</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>Debt 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="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Debt information </B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Gross Debt</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Cash</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Net</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Leases</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Financial Obligations</B></FONT></TD></TR>
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-left: black 1pt solid; width: 30%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>($ millions)</B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>USD</B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>LCY</B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Total</B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Debt</B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Gross</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; width: 11%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Net*</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 6.75pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Bolivia</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">328</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">328</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">67</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">260</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">45</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">373</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">306</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 6.75pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Colombia</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">50</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">694</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">744</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">94</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">650</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">301</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1,044</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">950</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 6.75pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Costa Rica</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">13</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">106</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">119</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">5</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">114</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">4</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">123</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">118</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 6.75pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">El Salvador**</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">118</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">118</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">20</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">97</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">107</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">224</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">204</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 6.75pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Panama**</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">870</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">870</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">64</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">805</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">125</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">994</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">930</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 6.75pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Paraguay</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">557</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">160</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">717</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">65</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">652</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">78</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">795</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">730</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 6.75pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Nicaragua</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">26</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(26)</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">122</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">122</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">96</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Latin America</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>620</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>2,274</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>2,895</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>342</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>2,553</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>782</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>3,677</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>3,335</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"><I>* Net Debt and Net financial obligations are non-IFRS
measures. See page 12 for a description of non-IFRS measures and for reconciliations to the nearest equivalent IFRS measures Cash includes
term deposits of $0 million as of March 31, 2021.</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"><I>** El Salvador's official unit of currency is
the U.S. dollar, while Panama uses the U.S. dollar 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>


<!-- Field: Page; Sequence: 38; Value: 1 -->
    <DIV STYLE="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: right; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><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-top: 7pt; padding-bottom: 7pt; width: 59%"> <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"><B>Earnings Release</B></P><P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt; color: #CBF8FF; text-indent: 0.75in"><B>Q1 2021</B></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 1in"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 41%"><IMG SRC="image_004.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Reconciliation Net financial obligations to EBITDA
to Proportionate net financial obligations to EBITDA as of March 31, 2021 </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: 88%; border-collapse: collapse">
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-top: black 1pt solid; padding-left: 3pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Debt Information - March 31, 2021</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B><U>Financial obligations</U></B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B><U>EBITDA</U></B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B><U>Leverage</U></B></FONT></TD></TR>
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-bottom: black 1pt solid; padding-left: 3pt; width: 45%; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>$ millions</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 11%; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Gross</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 11%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Cash</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 11%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Net</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; width: 11%; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; vertical-align: bottom; width: 11%; border-right: black 1pt solid; border-left: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Millicom Group (IFRS)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>6,412</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>603</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>5,810</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>1,508</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Plus: Guatemala</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">639</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">161</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">478</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">798</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Plus: Honduras</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">394</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">60</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">335</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">250</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Less: Corporate Costs</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">30</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Underlying Millicom Group (Non-IFRS)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>7,445</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>823</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>6,622</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>2,525</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>2.62x</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Less: 50% Minority Stake in Colombia</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">522</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">47</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">475</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">230</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Less: 45% Minority Stake in Guatemala</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">288</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">73</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">215</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">359</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Less: 33% Minority Stake in Honduras</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">131</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">20</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">112</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">83</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Less: 20% Minority Stake in Panama</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">199</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">13</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">186</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">51</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Less: 1.5% Minority Stake in Tanzania</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">6</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">6</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-left: 3pt; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Proportionate Millicom Group (Non-IFRS)</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>6,299</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>670</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>5,629</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>1,800</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>3.13x</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>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: 77%; border-collapse: collapse">
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt; width: 70%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Capex Reconciliation</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; width: 15%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; width: 15%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Consolidated:</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Additions to property, plant and equipment</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">95</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">108</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Additions to licenses and other intangibles</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">25</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">44</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which spectrum and license costs</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>21</I></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Total consolidated additions</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>120</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>153</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-left: 3pt; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which capital expenditures related to corporate offices</I></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>2</I></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>2</I></FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 77%; border-collapse: collapse">
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt; width: 70%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Latin America Segment</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; width: 15%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; width: 15%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Additions to property, plant and equipment</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">140</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">145</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Additions to licenses and other intangibles</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">41</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">133</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which spectrum and license costs</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>14</I></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>104</I></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Latin America Segment total additions (Underlying)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">181</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">278</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-left: 3pt; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Capex excluding spectrum and license costs</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>167</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>174</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: 77%; border-collapse: collapse">
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt; width: 70%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Africa Segment</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; width: 15%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; width: 15%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Additions to property, plant and equipment</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">5</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">5</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Additions to licenses and other intangibles</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which spectrum and license costs</I></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>&mdash;</I></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Africa Segment total additions</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">5</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">5</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-left: 3pt; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Capex excluding spectrum and license costs</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>5</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>5</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: 77%; border-collapse: collapse">
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-top: black 1pt solid; padding-left: 3pt; width: 70%; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Underlying Capex</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 15%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 15%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Latam capex excluding spectrum and license cost</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">167</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">174</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Africa capex excluding spectrum and license cost</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">5</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">5</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><I>Capital expenditures related to corporate offices</I></FONT></TD>
    <TD STYLE="background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-left: 3pt; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Underlying capex excluding spectrum and license costs</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>174</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>181</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"></P>

<!-- Field: Page; Sequence: 39; Value: 1 -->
    <DIV STYLE="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: right; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><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-top: 7pt; padding-bottom: 7pt; width: 59%"> <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"><B>Earnings Release</B></P><P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt; color: #CBF8FF; text-indent: 0.75in"><B>Q1 2021</B></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 1in"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 41%"><IMG SRC="image_004.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<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" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 77%; border-collapse: collapse">
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-top: black 1pt solid; padding-left: 3pt; width: 70%; border-left: black 1pt solid; text-indent: 0pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Cash Flow Data</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 15%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 15%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Net cash provided by operating activities</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black"><B>87</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black"><B>106</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Purchase of property, plant and equipment</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">(171)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">(179)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Proceeds from sale of property, plant and equipment</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">1</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">&mdash;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Purchase of intangible assets</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">(83)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">(91)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Proceeds from sale of intangible assets</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">&mdash;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">&mdash;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Purchase of spectrum and licenses</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">20</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">39</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Finance charges paid, net</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">128</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">141</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Operating free cash flow</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black"><B>(18)</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black"><B>15</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Interest (paid), net</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">(128)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">(141)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Free cash flow</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black"><B>(146)</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black"><B>(126)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Dividends received from joint ventures (Guatemala and Honduras)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">&mdash;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">24</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Dividends paid to non-controlling interests</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">(3)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">&mdash;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Equity free cash flow</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black"><B>(149)</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black"><B>(102)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt; text-indent: 0pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">Lease Principal Repayments</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">(29)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">(31)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: black 1pt solid; padding-left: 3pt; border-left: black 1pt solid; text-indent: 0pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black"><B>Equity free cash flow after leases</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black"><B>(178)</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black"><B>(133)</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: 77%; border-collapse: collapse">
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt; width: 70%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Latam OCF Underlying</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; width: 15%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; width: 15%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Latam EBITDA</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">638</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">600</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(-) Capex (Ex. Spectrum)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">167</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">174</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-left: 3pt; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Latam OCF</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>471</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>427</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: 77%; border-collapse: collapse">
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt; width: 70%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Africa OCF</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; width: 15%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; width: 15%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Africa EBITDA</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">31</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">30</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(-) Capex (Ex. Spectrum)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">5</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">5</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-left: 3pt; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Africa OCF</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>26</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>24</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: 77%; border-collapse: collapse">
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-top: black 1pt solid; padding-left: 3pt; width: 70%; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Corporate OCF</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 15%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 15%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Corporate EBITDA</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(1)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(1)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(-) Capex (Ex. Spectrum)</FONT></TD>
    <TD STYLE="background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-left: 3pt; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Corporate OCF</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(3)</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(2)</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: 77%; border-collapse: collapse">
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-top: black 1pt solid; padding-left: 3pt; width: 70%; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Underlying OCF</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 15%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 15%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Underlying EBITDA</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">668</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">630</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(-) Capex (Ex. Spectrum)</FONT></TD>
    <TD STYLE="background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">174</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">181</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-left: 3pt; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Underlying OCF</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>494</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>449</B></FONT></TD></TR>
  </TABLE>

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

<!-- Field: Page; Sequence: 40; Value: 1 -->
    <DIV STYLE="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: right; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><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-top: 7pt; padding-bottom: 7pt; width: 59%"> <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"><B>Earnings Release</B></P><P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt; color: #CBF8FF; text-indent: 0.75in"><B>Q1 2021</B></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 1in"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 41%"><IMG SRC="image_004.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Interest Expense Detail</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: 77%; border-collapse: collapse">
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-top: black 2.25pt solid; padding-left: 3pt; width: 70%; border-bottom: black 2.25pt solid; border-left: black 2.25pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Interest ($ millions)</B></FONT></TD>
    <TD STYLE="border-top: black 2.25pt solid; width: 15%; border-left: #44546A 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021</B></FONT></TD>
    <TD STYLE="border-top: black 2.25pt solid; width: 15%; border-right: #44546A 2.25pt solid; border-left: #44546A 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2020</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-left: #000640 2.25pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">Interest expense</FONT></TD>
    <TD STYLE="border-left: black 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">(80)</FONT></TD>
    <TD STYLE="border-right: #000640 2.25pt solid; border-left: black 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">(94)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-left: #000640 2.25pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">Finance Leases </FONT></TD>
    <TD STYLE="border-left: black 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">(40)</FONT></TD>
    <TD STYLE="border-right: #000640 2.25pt solid; border-left: black 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">(39)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-left: #000640 2.25pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">Loan Redemption expense</FONT></TD>
    <TD STYLE="border-left: black 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">(5)</FONT></TD>
    <TD STYLE="border-right: #000640 2.25pt solid; border-left: black 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">&mdash;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-left: #000640 2.25pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">Other</FONT></TD>
    <TD STYLE="border-left: #000640 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">(23)</FONT></TD>
    <TD STYLE="border-right: #000640 2.25pt solid; border-left: #000640 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">(14)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-left: #000640 2.25pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black"><B>Total financial expenses</B></FONT></TD>
    <TD STYLE="border-left: #000640 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black"><B>(148)</B></FONT></TD>
    <TD STYLE="border-right: #000640 2.25pt solid; border-left: #000640 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black"><B>(147)</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-left: #000640 2.25pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">Interest income</FONT></TD>
    <TD STYLE="border-left: black 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">3</FONT></TD>
    <TD STYLE="border-right: #000640 2.25pt solid; border-left: black 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black">6</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #000640 2.25pt solid; padding-left: 3pt; border-left: #000640 2.25pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black"><B>Net financial expenses</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; border-left: #000640 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black"><B>(145)</B></FONT></TD>
    <TD STYLE="border-right: #000640 2.25pt solid; border-bottom: black 1.5pt solid; border-left: #000640 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: black"><B>(141)</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: 77%; border-collapse: collapse">
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-top: black 2.25pt solid; padding-left: 3pt; width: 70%; border-bottom: black 2.25pt solid; border-left: black 2.25pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Underlying Interest ($ millions)</B></FONT></TD>
    <TD STYLE="border-top: black 2.25pt solid; width: 15%; border-left: #44546A 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021</B></FONT></TD>
    <TD STYLE="border-top: black 2.25pt solid; width: 15%; border-right: black 2.25pt solid; border-left: #44546A 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2020</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-left: #000640 2.25pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Interest expense </FONT></TD>
    <TD STYLE="border-left: black 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(93)</FONT></TD>
    <TD STYLE="border-right: black 2.25pt solid; border-left: black 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(117)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-left: #000640 2.25pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Finance Leases</FONT></TD>
    <TD STYLE="border-left: black 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(46)</FONT></TD>
    <TD STYLE="border-right: black 2.25pt solid; border-left: black 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(46)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-left: #000640 2.25pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Loan Redemption expense</FONT></TD>
    <TD STYLE="border-left: black 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(5)</FONT></TD>
    <TD STYLE="border-right: black 2.25pt solid; border-left: black 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&mdash;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-left: #000640 2.25pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Other</FONT></TD>
    <TD STYLE="border-left: #000640 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(24)</FONT></TD>
    <TD STYLE="border-right: black 2.25pt solid; border-left: #000640 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(13)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-left: #000640 2.25pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Total financial expenses</B></FONT></TD>
    <TD STYLE="border-left: #000640 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>(168)</B></FONT></TD>
    <TD STYLE="border-right: black 2.25pt solid; border-left: #000640 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>(175)</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-left: #000640 2.25pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Interest income</FONT></TD>
    <TD STYLE="border-left: black 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">3</FONT></TD>
    <TD STYLE="border-right: black 2.25pt solid; border-left: black 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">9</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #000640 2.25pt solid; padding-left: 3pt; border-left: #000640 2.25pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Net financial expenses</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; border-left: #000640 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>(166)</B></FONT></TD>
    <TD STYLE="border-right: black 2.25pt solid; border-bottom: black 1.5pt solid; border-left: #000640 2.25pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>(167)</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B>Amortization Expense Detail</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: 77%; border-collapse: collapse">
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-top: black 1pt solid; padding-left: 3pt; width: 70%; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Amortization Expense* ($ millions)</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 15%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2021</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; width: 15%; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Licenses and Spectrum </FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(19)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(13)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Related to acquisitions</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(63)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(35)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Other items</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(25)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(25)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-left: 3pt; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Total Amortization</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(107)</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(73)</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"><I>*Amortization expense related to Guatemala and Honduras
was $34 million in Q1 2021 and $33 million in Q1 2020.</I></P>

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


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #000640"><B><I>&nbsp;</I></B></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="border: black 1pt solid; padding-left: 3pt; width: 44%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Income statement data Q1 2021</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; width: 14%; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Millicom (IFRS)</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; width: 14%; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Guatemala and Honduras JVs</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; width: 14%; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Eliminations</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; width: 14%; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Underlying (non-IFRS)</B></FONT></TD></TR>
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-right: black 1pt solid; padding-left: 3pt; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>($millions)&nbsp;&nbsp;</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Revenue </B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>1,088</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>530</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>1,618</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Cost of sales</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(303)</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(114)</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(418)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Gross profit</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>785</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>416</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>1,201</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Operating expenses</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(391)</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(142)</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(533)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>EBITDA</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>394</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>273</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>668</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>EBITDA margin</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>36.2%</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>51.5%</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #44546A">&mdash;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>41.3%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Depreciation &amp; amortization</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(324)</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(113)</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(437)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Share of net profit in joint ventures</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">61</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(61)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Other operating income (expenses), net</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(17)</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(1)</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(17)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Operating profit</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>115</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>159</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(61)</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>213</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Net financial expenses</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(145)</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(21)</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(166)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Other non-operating income (expenses), net</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">58</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">4</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">62</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Gains (losses) from associates</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(1)</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(1)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) before tax</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>27</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>143</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(61)</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>108</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Net tax credit (charge)</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(3)</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(30)</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(33)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) for the period</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>24</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>112</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(61)</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>75</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Non-controlling interests</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">19</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(51)</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(32)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Profit (loss) from discontinued operations</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-left: 3pt; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Net profit (loss) for the period</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>42</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>61</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(61)</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>42</B></FONT></TD></TR>
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><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-top: 7pt; padding-bottom: 7pt; width: 59%"> <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"><B>Earnings Release</B></P><P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt; color: #CBF8FF; text-indent: 0.75in"><B>Q1 2021</B></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 1in"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 41%"><IMG SRC="image_004.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-top: black 1pt solid; padding-left: 3pt; width: 55%; border-bottom: #00245D 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Balance Sheet data ($ millions)</B></FONT></TD>
    <TD STYLE="border-top: #00245D 1pt solid; width: 15%; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Millicom IFRS</B></FONT></TD>
    <TD STYLE="border-top: #00245D 1pt solid; width: 15%; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Guatemala and Honduras JVs</B></FONT></TD>
    <TD STYLE="border: #00245D 1pt solid; width: 15%; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Underlying (non-IFRS)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #00245D 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Assets</B></FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-left: #00245D 1pt solid; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-right: #00245D 1pt solid; vertical-align: bottom; border-left: #00245D 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-left: #00245D 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Intangible assets, net</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">3,280</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2,824</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">6,104</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #00245D 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Property, plant and equipment, net</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2,610</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">865</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">3,474</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #00245D 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Right of Use Assets</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">868</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">265</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1,132</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #00245D 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Investments in joint ventures and associates</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2,734</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(2,709)</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">24</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #00245D 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Other non-current assets</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">329</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">8</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">337</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #00245D 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Total non-current assets</B></FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>9,820</B></FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>1,253</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>11,072</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #00245D 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Inventories, net</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">46</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">39</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">84</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #00245D 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Trade receivables, net</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">338</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">81</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">419</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #00245D 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Other current assets</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">794</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">266</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1,061</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #00245D 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Restricted cash</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">187</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">22</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">209</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #00245D 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Cash and cash equivalents</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">602</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">220</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">822</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #00245D 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Total current assets</B></FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>1,967</B></FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>628</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>2,596</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #00245D 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Assets held for sale</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #00245D 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Total assets</B></FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>11,788</B></FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>1,881</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>13,669</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: #00245D 1pt solid; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="border-left: #00245D 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: #00245D 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-left: #00245D 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Equity and liabilities </B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Equity attributable to owners of the Company</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2,057</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(50)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2,007</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Non-controlling interests</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">188</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">529</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">717</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Total equity </B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>2,246</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>479</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>2,725</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Debt and financing</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">6,174</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">992</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">7,166</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Other non-current liabilities</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">962</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">125</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1,087</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Total non-current liabilities </B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>7,136</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>1,118</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>8,254</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Debt and financing</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">238</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">41</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">279</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Other current liabilities</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2,168</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">243</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">2,411</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Total current liabilities </B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>2,406</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>284</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>2,690</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Liabilities directly associated with assets held for sale</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; padding-left: 3pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Total liabilities </B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>9,542</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>1,402</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>10,944</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-left: 3pt; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Total equity and liabilities </B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>11,788</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>1,881</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>13,669</B></FONT></TD></TR>
  </TABLE>

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

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

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><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-top: 7pt; padding-bottom: 7pt; width: 59%"> <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"><B>Earnings Release</B></P><P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 0.75in"></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt; color: #CBF8FF; text-indent: 0.75in"><B>Q1 2021</B></P><P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #CBF8FF; text-indent: 1in"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 41%"><IMG SRC="image_004.jpg" ALT="" STYLE="height: 61px; width: 329px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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<P STYLE="margin-top: 0; margin-bottom: 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="border-top: black 1pt solid; width: 63%; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Cash Flow Data</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; width: 12%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Millicom IFRS</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; width: 14%; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Guatemala and Honduras JVs</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; width: 11%; border-right: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>Underlying (non-IFRS)</B></FONT></TD></TR>
  <TR STYLE="background-color: #000640">
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: white"><B>($millions)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #00245D 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) before taxes from continuing operations</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>27</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>81</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>108</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #00245D 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Profit (loss) for the period from discontinued operations</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #00245D 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) before taxes</B></FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>27</B></FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>81</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>108</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #00245D 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Net cash provided by operating activities (incl. discontinued ops)</B></FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>87</B></FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>229</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>316</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #00245D 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Net cash used in investing activities (incl. discontinued ops)</B></FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(238)</B></FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(96)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(334)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #00245D 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Net cash from (used by) financing activities (incl. discontinued ops)</B></FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(119)</B></FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(161)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(280)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #00245D 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Exchange impact on cash and cash equivalents, net</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(2)</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">(1)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #00245D 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Net (decrease) increase in cash and cash equivalents</B></FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(273)</B></FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(27)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>(299)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #00245D 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Cash and cash equivalents at the beginning of the period</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">875</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">247</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">1,122</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #00245D 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">Effect of cash in disposal group held for sale</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640">&mdash;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>Cash and cash equivalents at the end of the period</B></FONT></TD>
    <TD STYLE="border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>602</B></FONT></TD>
    <TD STYLE="border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>220</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000640"><B>822</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"><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"><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 April&nbsp;29,
2021.</I></P>

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

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


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

</I></P>


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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #00193C">
    <TD STYLE="padding-top: 7pt; vertical-align: bottom; width: 65%; font-size: 10pt; padding-bottom: 7pt">&nbsp;</TD>
    <TD STYLE="padding-top: 7pt; width: 35%; font-size: 10pt; padding-bottom: 7pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR>
  </TABLE>

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

<P STYLE="font: 36pt Arial, Helvetica, Sans-Serif; margin: 0pt 67.5pt 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 36pt Arial, Helvetica, Sans-Serif; margin: 0pt 67.5pt 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 36pt Arial, Helvetica, Sans-Serif; margin: 0pt 67.5pt 0pt 0; color: #003A66"><B>Unaudited Interim</B></P>

<P STYLE="font: 36pt Arial, Helvetica, Sans-Serif; margin: 0pt 67.5pt 0pt 0; color: #003A66"><B>Condensed Consolidated</B></P>

<P STYLE="font: 36pt Arial, Helvetica, Sans-Serif; margin: 0pt 67.5pt 0pt 0; color: #003A66"><B>Financial Statements</B></P>

<P STYLE="font: 36pt Arial, Helvetica, Sans-Serif; margin: 0pt 67.5pt 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 67.5pt 0pt 0; color: #003A66"><B>For the three-month period ended March
31, 2021 </B></P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 67.5pt 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66">April&nbsp;29, 2021</P>

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

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


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #00193C">
    <TD STYLE="padding-top: 7pt; width: 65%; padding-bottom: 7pt">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">Unaudited Interim Condensed Consolidated Financial
    Statements</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">for the three-month period ended March
    31, 2021</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P></TD>
    <TD STYLE="padding-top: 7pt; width: 35%; font-size: 10pt; padding-bottom: 7pt"><IMG SRC="image_003.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR>
  </TABLE>
<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #39B8D4"><B>&nbsp;</B></P>

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

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #39B8D4"><B>Unaudited interim condensed consolidated statement
of income for the three-month period ended March 31, 2021</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 68%; border-top: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S. dollars except per share data</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 6%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Notes</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Three-months ended March 31, 2021</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Three-months ended March 31, 2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Continuing Operations</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Revenue</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1,088</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1,088</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Cost of sales</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(303)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(305)</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Gross profit</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>785</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>783</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Operating expenses</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(391)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(401)</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Depreciation</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(217)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(223)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Amortization</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(107)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(73)</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Share of profit in the joint ventures in Guatemala and Honduras</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">7</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">61</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">45</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other operating income (expenses), net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">15</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(17)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Operating profit</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>115</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>134</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Interest and other financial expenses</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(148)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(147)</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Interest and other financial income</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">6</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other non-operating (expenses) income, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">5</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">58</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(159)</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Profit (loss) from other joint ventures and associates, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Profit (loss) before taxes from continuing operations</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>27</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(167)</B></FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Tax (charge) credit, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">16</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Profit (loss) from continuing operations</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>24</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(151)</B></FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Net profit (loss) for the period</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #A7A7A7 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>24</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(151)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Attributable to:</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Owners of&nbsp;&nbsp;the Company</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">42</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(122)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Non-controlling interests</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #A7A7A7 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(19)</FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(28)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Earnings/ (Loss) per common share for net profit/ (loss) attributable to the owners of the Company:</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Basic and Diluted ($ per share) (i)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">6</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">0.41</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1.21)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><I>(i)</I></TD><TD><I>There are no dilutive potential ordinary shares</I></TD>
</TR></TABLE>

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

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

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


<!-- Field: Page; Sequence: 4; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: right; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="padding-top: 7pt; padding-bottom: 7pt; width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">for the three-month period ended March
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          31, 2021</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 35%"><IMG SRC="image_003.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #39B8D4"><B>Unaudited interim condensed consolidated statement
of comprehensive income for the three-month period March 31, 2021 </B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 80%; border-top: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S. dollars</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Three-months ended March 31, 2021 </B></FONT></TD>
    <TD STYLE="width: 10%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Three-months ended March 31, 2020 </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Net profit (loss) for the period</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">24</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(151)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-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><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Exchange differences on translating foreign operations</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(48)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(99)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Change in value of cash flow hedges, net of tax effects</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(18)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Total comprehensive income (loss) for the period</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(20)</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(268)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: #A7A7A7 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Attributable to</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Owners of the Company</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">5</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(217)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Non-controlling interests</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(25)</FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(50)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

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

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


<!-- Field: Page; Sequence: 5; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: right; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="padding-top: 7pt; padding-bottom: 7pt; width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">for the three-month period ended March
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          31, 2021</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 35%"><IMG SRC="image_003.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #39B8D4"><B>Unaudited interim condensed consolidated statement
of financial position as at March 31, 2021</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 74%; border-top: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S. dollars</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 6%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Notes</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>March 31, 2021</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 10%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>December 31, 2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>ASSETS</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>NON-CURRENT ASSETS</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Intangible assets, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">9</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3,280</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3,403</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Property, plant and equipment, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">8</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2,610</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2,755</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Right of use assets</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">868</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">895</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Investments in joint ventures</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">7</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2,709</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2,642</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Investments in associates</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">24</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">24</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Contract costs, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">5</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">5</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Deferred tax assets</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">193</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">197</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Derivative financial instruments</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">13</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">13</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">27</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Amounts due from non-controlling interests, associates and joint ventures</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">12</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">45</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">90</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other non-current assets</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">74</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">77</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>TOTAL NON-CURRENT ASSETS</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>9,820</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>10,114</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <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: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>CURRENT ASSETS</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Inventories</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">46</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">37</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Trade receivables, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">338</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">351</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Contract assets, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">33</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">31</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Amounts due from non-controlling interests, associates and joint ventures</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">12</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">92</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">206</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Prepayments and accrued income</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">209</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">149</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Current income tax assets</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">74</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">96</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Supplier advances for capital expenditure</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">20</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">21</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Equity investments</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">14</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">178</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">160</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other current assets</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">189</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">181</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Restricted cash</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">187</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">199</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Cash and cash equivalents</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">602</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">875</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>TOTAL CURRENT ASSETS</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>1,967</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>2,307</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Assets held for sale</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>TOTAL ASSETS</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #A7A7A7 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>11,788</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>12,422</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

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

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

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="padding-top: 7pt; padding-bottom: 7pt; width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">for the three-month period ended March
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          31, 2021</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 35%"><IMG SRC="image_003.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #39B8D4"><B>Unaudited interim condensed consolidated statement
of financial position as at March 31, 2021 (continued)</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 73%; border-top: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S. dollars</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Notes</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>March 31, 2021</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>December 31, 2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>EQUITY AND LIABILITIES</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>EQUITY</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Share capital and premium</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">629</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">630</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Treasury shares</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(12)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(30)</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other reserves</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(626)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(562)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Retained profits</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2,024</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2,365</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Profit (loss) for the period/year attributable to equity holders</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">42</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(344)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #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: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>2,057</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>2,059</B></FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Non-controlling interests</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">188</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">215</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>TOTAL EQUITY</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>2,246</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>2,274</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>LIABILITIES</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>NON-CURRENT LIABILITIES</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Debt and financing</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">5,303</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">5,578</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Lease liabilities</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">871</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">897</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Derivative financial instruments</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">13</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">6</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">14</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Amounts due to non-controlling interests, associates and joint ventures</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">12</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">28</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">29</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Payables and accruals for capital expenditure</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">447</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">485</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Provisions and other non-current liabilities</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">310</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">328</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Deferred tax liabilities</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">172</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">209</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>TOTAL NON-CURRENT LIABILITIES</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>7,136</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>7,540</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <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: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>CURRENT LIABILITIES</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Debt and financing</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">109</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">113</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Lease liabilities</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">129</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">123</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Put option liability</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">13</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">262</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">262</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Derivative financial instruments</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Payables and accruals for capital expenditure</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">213</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">345</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other trade payables</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">242</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">334</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Amounts due to non-controlling interests, associates and joint ventures</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">12</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">313</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">311</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Accrued interest and other expenses</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">454</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">445</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Current income tax liabilities</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">82</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">71</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Contract liabilities</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">92</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">90</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Provisions and other current liabilities</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">507</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">511</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>TOTAL CURRENT LIABILITIES</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>2,406</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>2,608</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>TOTAL LIABILITIES</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>9,542</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>10,148</B></FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>TOTAL EQUITY AND LIABILITIES</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #A7A7A7 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>11,788</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>12,422</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

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

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


<!-- Field: Page; Sequence: 7; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: right; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="padding-top: 7pt; padding-bottom: 7pt; width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">for the three-month period ended March
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          31, 2021</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 35%"><IMG SRC="image_003.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #39B8D4"><B>Unaudited interim condensed consolidated statement
of cash flows for the three-month period ended March 31, 2021</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 75%; border-top: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S. dollars</B></FONT></TD>
    <TD STYLE="width: 5%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Notes</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 10%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>March 31, 2021</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 10%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>March 31, 2020</B></FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Cash flows from operating activities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-left: 13.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Profit (loss) before taxes from continuing operations </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">27</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(167)</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Profit (loss) before taxes</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>27</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(167)</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Adjustments to reconcile to net cash:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 13.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Interest expense on leases</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">40</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">39</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-left: 13.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Interest expense on debt and other financing</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">108</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">108</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 13.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Interest and other financial income</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(6)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Adjustments for non-cash items:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 13.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Depreciation and amortization </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">324</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">296</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-left: 13.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Share of net profit in Guatemala and Honduras joint ventures</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(61)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(45)</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 13.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(Gain) on disposal and impairment of assets, net </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">17</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(3)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-left: 13.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Share based compensation&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">6</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 13.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Loss from other joint ventures and associates, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-left: 13.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other non-cash non-operating (income) expenses, net </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">5</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(58)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">159</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Changes in working capital:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Decrease (increase) in trade receivables, prepayments and other current assets, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(86)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(98)</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Decrease (increase) in inventories </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(10)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(22)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Increase (decrease) in trade and other payables, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(73)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(11)</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Total changes in working capital </B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(168)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(130)</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Interest paid on leases</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(36)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(37)</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Interest paid on debt and other financing</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(92)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(110)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Interest received </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">7</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Taxes paid</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(9)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(11)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Net cash provided by operating activities </B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>87</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>106</B></FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Cash flows from (used in) investing activities:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Acquisition of subsidiaries, joint ventures and associates, net of cash acquired </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Proceeds from disposal of subsidiaries and associates, net of cash disposed</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">8</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">17</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Purchase of intangible assets and licenses </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">9</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(83)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(91)</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Purchase of property, plant and equipment </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">8</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(171)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(179)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Proceeds from sale of property, plant and equipment </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">8</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Dividends and dividend advances received from joint ventures&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">7</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">24</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Cash (used in) provided by other investing activities, net&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">8</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">6</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Net cash used in investing activities </B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(238)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(222)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

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

<!-- Field: Page; Sequence: 8; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: right; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="padding-top: 7pt; padding-bottom: 7pt; width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">for the three-month period ended March
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          31, 2021</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 35%"><IMG SRC="image_003.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<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="vertical-align: bottom">
    <TD COLSPAN="4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 14pt; color: #39B8D4"><B>Unaudited interim condensed consolidated statement of cash flows for the three-month period ended March 31, 2021 (continued)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 75%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Cash flows from financing activities:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Proceeds from debt and other financing </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">160</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">706</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Repayment of debt and other financing </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(394)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(137)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Loan repayment from (advance to) joint venture</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">12</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">148</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Lease capital repayment</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(29)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(31)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Advances and dividends paid to non-controlling interests</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Share repurchase program</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(10)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Net cash provided by (used in) financing activities</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(119)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>528</B></FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Exchange impact on cash and cash equivalents, net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(30)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Net (decrease) increase in cash and cash equivalents </B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(273)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>381</B></FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="padding-left: 4.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Cash and cash equivalents at the beginning of the year</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">875</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1,164</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Cash and cash equivalents at the end of the period</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #A7A7A7 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>602</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>1,545</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

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

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


<!-- Field: Page; Sequence: 9; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: right; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="padding-top: 7pt; padding-bottom: 7pt; width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">for the three-month period ended March
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          31, 2021</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 35%"><IMG SRC="image_003.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #39B8D4"><B>Unaudited interim condensed consolidated statements
of changes in equity for the three-month periods ended March 31, 2021 and March 31, 2020</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 27%; border-top: #A7A7A7 1pt solid; border-bottom: #B6B6B6 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S. dollars</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: #A7A7A7 1pt solid; border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Number of shares (000&rsquo;s)</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: #A7A7A7 1pt solid; border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Number of shares held by the Group (000&rsquo;s)</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: #A7A7A7 1pt solid; border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Share capital</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: #A7A7A7 1pt solid; border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Share premium</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: #A7A7A7 1pt solid; border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Treasury shares</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: #A7A7A7 1pt solid; border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Retained profits (i)</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: #A7A7A7 1pt solid; border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Other reserves</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: #A7A7A7 1pt solid; border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: #A7A7A7 1pt solid; border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Non- controlling interests</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: #A7A7A7 1pt solid; border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Total equity</B></FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="border-bottom: #B6B6B6 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Balance on December 31, 2019</B></FONT></TD>
    <TD STYLE="border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>101,739</B></FONT></TD>
    <TD STYLE="border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(581)</B></FONT></TD>
    <TD STYLE="border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>153</B></FONT></TD>
    <TD STYLE="border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>480</B></FONT></TD>
    <TD STYLE="border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(51)</B></FONT></TD>
    <TD STYLE="border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>2,372</B></FONT></TD>
    <TD STYLE="border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(544)</B></FONT></TD>
    <TD STYLE="border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>2,409</B></FONT></TD>
    <TD STYLE="border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>271</B></FONT></TD>
    <TD STYLE="border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>2,680</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Total comprehensive income for the period</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(122)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(95)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(217)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(50)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(268)</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Dividends to non controlling interests</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(4)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(4)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Purchase of treasury shares (ii)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(405)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(16)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(13)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(13)</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Share based compensation</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">6</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">6</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">7</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Issuance of shares under share-based payment schemes</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">324</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">29</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(8)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(19)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="border-top: #B6B6B6 1pt solid; border-bottom: #B6B6B6 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Balance on March 31, 2020 </B></FONT></TD>
    <TD STYLE="border-top: #B6B6B6 1pt solid; border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>101,739</B></FONT></TD>
    <TD STYLE="border-top: #B6B6B6 1pt solid; border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(662)</B></FONT></TD>
    <TD STYLE="border-top: #B6B6B6 1pt solid; border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>153</B></FONT></TD>
    <TD STYLE="border-top: #B6B6B6 1pt solid; border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>479</B></FONT></TD>
    <TD STYLE="border-top: #B6B6B6 1pt solid; border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(38)</B></FONT></TD>
    <TD STYLE="border-top: #B6B6B6 1pt solid; border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>2,244</B></FONT></TD>
    <TD STYLE="border-top: #B6B6B6 1pt solid; border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(652)</B></FONT></TD>
    <TD STYLE="border-top: #B6B6B6 1pt solid; border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>2,185</B></FONT></TD>
    <TD STYLE="border-top: #B6B6B6 1pt solid; border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>216</B></FONT></TD>
    <TD STYLE="border-top: #B6B6B6 1pt solid; border-bottom: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>2,401</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Balance on December 31, 2020</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>101,739</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(526)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>153</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>478</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(30)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>2,020</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(562)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>2,059</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>215</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>2,274</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Total comprehensive income for the period</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">42</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(37)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">5</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(25)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(20)</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Dividends to non controlling interests</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(2)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Purchase of treasury shares (ii)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(98)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(6)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(4)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(4)</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Share based compensation</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(3)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Issuance of shares under share-based payment schemes </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">418</FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">24</FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(24)</FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Balance on March 31, 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>101,739</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(206)</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>153</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>476</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(12)</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>2,066</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(626)</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>2,057</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>188</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>2,246</B></FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><I>(i)</I></TD><TD><I>Retained profits &ndash; includes profit for the year attributable to equity holders, of which at March 31, 2021, $298 million
(2020: $310 million) are not distributable to equity holders. </I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><I>(ii)</I></TD><TD><I>During the three-month period ended March 31, 2020, Millicom repurchased 342,251 shares for a total amount of $10 million and withheld
approximately 62,000 shares for settlement of tax obligations, on behalf of employees under share-based compensation plans. For the three-month
period ended March 31, 2021 the amount presented corresponds only to withheld shares.</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; color: #808285">The accompanying notes are an integral part of these
unaudited interim condensed consolidated financial statements</P>

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


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="padding-top: 7pt; padding-bottom: 7pt; width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">for the three-month period ended March
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          31, 2021</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 35%"><IMG SRC="image_003.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #39B8D4"><B>Notes to the unaudited interim condensed consolidated
statements</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>1. GENERAL</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-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 a provider of cable and mobile services dedicated to emerging markets in Latin America and Africa. Millicom
provides high speed broadband and innovation around The Digital Lifestyle&reg; services through its principal brand, TIGO.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">On April&nbsp;28, 2021, the Board of Directors authorized
these unaudited interim condensed consolidated financial statements for issuance.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>2. SUMMARY OF ACCOUNTING POLICIES</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #003A66"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B><I>I.</I></B></TD><TD><B><I>Basis of presentation</I></B></TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; 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 (&quot;IASB&quot;)
and as adopted by the European Union (&quot;EU&quot;). In the opinion of management, these unaudited interim condensed consolidated financial
statements reflect all adjustments that are necessary for a proper presentation of the results for interim periods. Millicom&rsquo;s operations
are not affected by significant seasonal or cyclical patterns.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-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 period ended December 31, 2020, which
have been prepared in accordance with International Financial Reporting Standards (&quot;IFRS&quot;) as issued by the IASB and in conformity
with IFRS as adopted by the EU. These financial statements are prepared in accordance with consolidation and accounting policies consistent
with the December 31, 2020 consolidated financial statements, except for the changes described below.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">We have made rounding adjustments to reach some of the
figures included in these unaudited interim condensed consolidated financial statements. Accordingly, numerical figures shown as totals
in some tables may not be an arithmetic aggregation of the figures that preceded them and percentage calculations using these adjusted
figures may not result in the same percentage values as are shown in these unaudited interim condensed consolidated financial statements.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #003A66"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B><I>II.</I></B></TD><TD><B><I>COVID-19 - Qualitative and quantitative assessment on business activities, financial situation and economic performance </I></B></TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>Impact on Millicom's markets
and business </I></B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">Economic activity continued to
recover gradually in our markets, as most countries continued to ease lockdowns implemented at the beginning of the pandemic, and remittances
from the U.S. to Central America sustained double-digit growth. Temporary restrictions were implemented in some countries and regions,
as governments took steps to prevent a spike in new cases stemming from gatherings around the year-end and Easter holidays. However, these
new restrictions appear to have had a less severe impact on economic activity and on our business as compared to those implemented at
the onset of the pandemic. Meanwhile, vaccinations have begun, but less than 1% of the population in our markets had been vaccinated as
of the end of March 2021.</P>

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


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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: right; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="padding-top: 7pt; padding-bottom: 7pt; width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">for the three-month period ended March
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          31, 2021</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 35%"><IMG SRC="image_003.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #003A66"><B>2. SUMMARY OF ACCOUNTING POLICIES
(Continued)</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #003A66">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #003A66"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B><I>II.</I></B></TD><TD STYLE="text-align: justify"><B><I>COVID-19 - Qualitative and quantitative assessment on business activities, financial situation and
economic performance (continued)</I></B></TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>Impact of the crisis on accounting
matters </I></B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">As a consequence of this crisis, Millicom identified
potential significant accounting implications in the following areas on previous quarters:</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; color: #808285">&bull;&#9;Impairment
of non-financial assets/goodwill/investments in joint ventures</P>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">Revenue recognition</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; color: #808285">As of March 31, 2021, the above accounting areas have
not been significantly affected.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #003A66"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B><I>III.</I></B></TD><TD><B><I>New and amended IFRS standards</I></B></TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">The following changes to standards have been adopted
by the Group and did not have any significant impact on the Group&rsquo;s accounting policies or disclosures and did not require retrospective
adjustments:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Amendment to IFRS 16, 'Leases' - COVID 19 Rent Concessions - effective for annual periods starting on June 1, 2020. While the Group
has implemented this amendment already in 2020, the IASB (in March 2021) extended its initial application beyond June 30, 2021, by one
additional year.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 - Interest Rate Benchmark Reform - Phase 2 - effective for annual periods
starting on January 1, 2021. The amendments provide temporary reliefs which address the financial reporting effects when an interbank
offered rate (IBOR) is replaced with an alternative nearly risk-free interest rate.</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-indent: 0.5in; color: #808285">Main reliefs provided by the Phase
2 amendments relate to:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Changes to contractual cash flows: That is, when changing the basis for determining contractual cash flows for financial assets and
liabilities required by the reform this will not result in an immediate gain or loss in the income statement but in an update of the effective
interest rate (or an update in the discount rate to remeasure the lease liability as a result of the IBOR reform), and;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Hedge accounting: That is, allowing hedge relationships that are directly affected by the reform to continue, though additional ineffectiveness
might need to be recorded.</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; color: #808285">The following changes to standards not yet effective
are not expected to materially affect the Group:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Amendments effective for annual periods starting on January 1, 2022 (not yet endorsed by the EU):</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD>IFRS 3 'Business Combinations' - Reference to Conceptual Framework.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD>IAS 16 'Property, Plant and Equipment' - Proceeds before intended use.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD>IAS 37 'Provisions, Contingent Liabilities and Contingent Assets' - Cost of fulfilling a contract.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD>Annual improvements to IFRS Standards 2018-2020, affecting IFRS 1, IFRS 9, IFRS 16 and IAS 41.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>Amendments effective for annual periods starting on January 1, 2023 (not yet endorsed by the EU):</TD></TR></TABLE>

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

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="padding-top: 7pt; padding-bottom: 7pt; width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">for the three-month period ended March
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          31, 2021</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 35%"><IMG SRC="image_003.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD>Amendments to IAS 1, 'Presentation of Financial Statements' : These amendments clarify that liabilities are classified as either current
or non-current, depending on the rights that exist at the end of the reporting period. The amendments also clarify what IAS 1 means when
it refers to the &lsquo;settlement&rsquo; of a liability. The IASB also issued 'Disclosure of Accounting Policies' with amendments that
are intended to help preparers in deciding which accounting policies to disclose in their financial statements.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD>IFRS 17, &lsquo;Insurance contracts&rsquo;, including amendments.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD>IAS 8, 'Accounting Policies, Changes in Accounting Estimates and Errors' - Definition of accounting estimates.</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-top: 0pt; margin-bottom: 0pt">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="padding-top: 7pt; padding-bottom: 7pt; width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">for the three-month period ended March
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          31, 2021</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 35%"><IMG SRC="image_003.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-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 Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285"><B><I>Acquisitions for the three-month periods ended
March 31, 2021 and 2020</I></B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">There were no material acquisitions or disposals during
the three-month periods ended March 31, 2021 and 2020.</P>

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


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="padding-top: 7pt; padding-bottom: 7pt; width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">for the three-month period ended March
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          31, 2021</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 35%"><IMG SRC="image_003.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>4. SEGMENT INFORMATION</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-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. Millicom is allocating corporate
costs to each segment based on their contribution to underlying revenue, and only non-recurring costs - such as M&amp;A related costs-,
remain as unallocated. 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. The joint venture in Ghana is not reported
as if fully consolidated.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">Revenue, operating profit (loss), EBITDA and other segment
information for the three-month periods ended March 31, 2021 and 2020, are as follows:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 39%; border-top: #A7A7A7 1pt solid">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>Three-months ended March 31, 2021</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>(in millions of U.S. dollars)</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"></P></TD>
    <TD STYLE="width: 10%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Latin America</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Africa</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Unallocated</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Guatemala and Honduras(vii)</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: #A7A7A7 1pt solid">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #003A66"><B>Eliminations and </B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #003A66"></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #003A66"><B>Transfers</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #003A66"></P></TD>
    <TD STYLE="width: 10%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-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: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Mobile revenue </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">833</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">87</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(379)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">541</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Cable and other fixed services revenue </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">563</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(85)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">479</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other revenue </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">17</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">15</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Service revenue (i) </B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>1,413</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>89</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(466)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(1)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>1,035</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Telephone and equipment&nbsp;&nbsp;and other revenue (i) </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">118</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(64)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">54</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Revenue </B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>1,530</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>89</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(530)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(1)</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>1,088</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Operating profit (loss) </B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>230</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>9</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(26)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(159)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>61</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>115</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Add back:</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></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; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Depreciation and amortization </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">413</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">21</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(113)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">324</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Share of profit in joint ventures in Guatemala and Honduras </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(61)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(61)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other operating income (expenses), net </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(5)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">22</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">17</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>EBITDA (ii) </B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>638</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>31</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(1)</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(273)</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>394</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">EBITDA from discontinued operations </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>EBITDA incl discontinued operations </B></FONT></TD>
    <TD STYLE="vertical-align: top; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>638</B></FONT></TD>
    <TD STYLE="vertical-align: top; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>31</B></FONT></TD>
    <TD STYLE="vertical-align: top; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(1)</B></FONT></TD>
    <TD STYLE="vertical-align: top; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(273)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>394</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Capital expenditure (iii) </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(282)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(10)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">62</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(233)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Changes in working capital and others (iv) </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(155)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(5)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(10)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(171)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Taxes paid </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(31)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(5)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">29</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(9)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Operating free cash flow (v) </B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>170</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>10</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(6)</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(192)</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(18)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Total Assets (vi)</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>12,876</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>879</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>3,758</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(5,063)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(662)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>11,788</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Total Liabilities</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>8,282</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>902</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>3,091</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(1,873)</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(860)</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>9,542</B></FONT></TD></TR>
  </TABLE>

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

<!-- Field: Page; Sequence: 15; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: right; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="padding-top: 7pt; padding-bottom: 7pt; width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">for the three-month period ended March
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          31, 2021</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 35%"><IMG SRC="image_003.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>4. SEGMENT INFORMATION (Continued)</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 39%; border-top: #A7A7A7 1pt solid">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>Three-months ended March 31, 2020</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>(in millions of U.S. dollars)</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"></P></TD>
    <TD STYLE="width: 9%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Latin America</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Africa</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Unallocated</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Guatemala and Honduras (vii)</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Eliminations and transfers</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-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: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Mobile revenue </FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">843</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">87</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(373)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">556</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Cable and other fixed services revenue </FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">539</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(73)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">468</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other revenue </FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">13</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">12</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Service revenue (i) </B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>1,395</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>89</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(448)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>1,036</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Telephone and equipment revenue (i) </FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">110</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(58)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">52</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Revenue </B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>1,504</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>89</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(506)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>1,088</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Operating profit (loss) </B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>219</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>7</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(3)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(134)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>45</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>134</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Add back:</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Depreciation and amortization </FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">383</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">23</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(114)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">296</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Share of profit in joint ventures in Guatemala and Honduras </FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(45)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(45)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other operating income (expenses), net </FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(3)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>EBITDA (ii) </B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>600</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>30</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(1)</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(248)</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>382</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">EBITDA from discontinued operations </FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>EBITDA incl discontinued operations </B></FONT></TD>
    <TD STYLE="vertical-align: top; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>600</B></FONT></TD>
    <TD STYLE="vertical-align: top; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>30</B></FONT></TD>
    <TD STYLE="vertical-align: top; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(1)</B></FONT></TD>
    <TD STYLE="vertical-align: top; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(248)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>382</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Capital expenditure (iii) </FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(284)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(10)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(4)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">67</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(232)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Changes in working capital and others (iv) </FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(64)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(59)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(124)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Taxes paid </FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(33)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">26</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(11)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Operating free cash flow (v) </B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>219</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>16</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(63)</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(156)</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; background-color: white; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>15</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Total Assets (vi)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>13,513</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>925</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>4,408</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(5,527)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(584)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>12,736</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Total Liabilities</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>8,201</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>911</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>4,338</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(2,104)</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(1,010)</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>10,335</B></FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><I>(i)</I></TD><TD><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-recurring revenues. The Group derives revenue from the transfer of goods and services over
time and at a point in time. Refer to the table below.</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><I>(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.</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; color: #808285"><I>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Excluding
spectrum and licenses of $20 million (2020: $39 million) .</I></P>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><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 taxes paid.</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; color: #808285"><I>(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Segment
assets include goodwill and other intangible assets.</I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285"><I>(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Including
eliminations for Guatemala and Honduras as reported in the Latin America segment.</I></P>

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


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="padding-top: 7pt; padding-bottom: 7pt; width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">for the three-month period ended March
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          31, 2021</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 35%"><IMG SRC="image_003.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>4. SEGMENT INFORMATION (Continued)</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">Revenue from contracts with customers from continuing
operations</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: #A7A7A7 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: #A7A7A7 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-top: #A7A7A7 1pt solid; border-right: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Three-months ended March 31, 2021</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Three-months ended March 31, 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; width: 38%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S. dollars</B></FONT></TD>
    <TD STYLE="width: 14%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Timing of revenue recognition</B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Latin America</B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Africa</B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Total Group</B></FONT></TD>
    <TD STYLE="width: 9%; border-left: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Latin America</B></FONT></TD>
    <TD STYLE="width: 7%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Africa</B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Total Group</B></FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Mobile</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Over time</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">445</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">56</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">501</FONT></TD>
    <TD STYLE="border-left: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">463</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">60</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">522</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Mobile Financial Services</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Point in time</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">8</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">31</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">40</FONT></TD>
    <TD STYLE="border-left: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">7</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">27</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">34</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Cable and other fixed services</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Over time</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">477</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">479</FONT></TD>
    <TD STYLE="border-left: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">466</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">468</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Over time</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">15</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">15</FONT></TD>
    <TD STYLE="border-left: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">12</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">12</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Service Revenue</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>946</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>89</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>1,035</B></FONT></TD>
    <TD STYLE="border-left: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>948</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>89</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>1,036</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Telephone and equipment</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Point in time</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">54</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">54</FONT></TD>
    <TD STYLE="border-left: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">52</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">52</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Revenue from contracts with customers</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #A7A7A7 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>999</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>89</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>1,088</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; border-left: #B6B6B6 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>999</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>89</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>1,088</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>5. OTHER NON-OPERATING (EXPENSES) INCOME, NET</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 74%; border-top: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S. dollars</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Three-months ended March 31, 2021</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Three-months ended March 31, 2020 </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Change in fair value of derivatives (Note 13)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Change in fair value in investment in Jumia (Note 14)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(18)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Change in fair value in investment in Helios Towers (Note 14)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">18</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(61)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Change in value of call option and put option liability (Note 13)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">10</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Exchange gains (losses), net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">37</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(90)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other non-operating income (expenses), net</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>58</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(159)</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B></B></P>

<!-- Field: Page; Sequence: 17; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: right; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="padding-top: 7pt; padding-bottom: 7pt; width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">for the three-month period ended March
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          31, 2021</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 35%"><IMG SRC="image_003.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>6. EARNINGS PER COMMON SHARE</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 76%; border-top: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S. dollars</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 12%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Three-months ended March 31, 2021</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 12%; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Three-months ended March 31, 2020</B></FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Basic and Diluted</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Net profit (loss) attributable to equity holders from continuing operations </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">42</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(122)</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Net profit (loss) attributable to equity holders from discontinued operations </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Net profit/(loss)&nbsp;&nbsp;attributable to all equity holders to determine the basic earnings (loss)&nbsp;&nbsp;per share </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">42</FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(122)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-bottom: #A7A7A7 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>in thousands</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Weighted average number of ordinary shares for basic and diluted earnings per share </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">101,334</FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">101,123</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>in U.S. dollars</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Basic and diluted</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">EPS from continuing operations attributable to owners of the Company </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">0.41</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1.21)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">EPS from discontinued operations attributable to owners of the Company </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">EPS for the period attributable to owners of the Company </FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">0.41</FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1.21)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>7. INVESTMENTS IN JOINT VENTURES</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">Refer to note 16 &quot;Subsequent Events&quot; for an
update on the signed agreement for the sale of AirtelTigo Ghana to the Government of Ghana. At March 31, 2021, the carrying value of the
Group's investment in AirtelTigo Ghana joint venture is zero.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">At March 31, 2021, the equity accounted net assets of
Millicom's joint ventures in Guatemala and Honduras totaled $3,191 million (December 31, 2020: $3,072 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 a total reserve of $278 million (December
31, 2020: $278 million), $153 million (December 31, 2020: $153 million) represent statutory reserves that are unavailable to be distributed
to the Group. During the three-month period ended March 31, 2021, Millicom&rsquo;s joint ventures did not pay any dividends or dividend
advances to the Company (December 31, 2020: $71 million).</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; border-top: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S. dollars</B></FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Guatemala(i)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Honduras (i)</B></FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; width: 71%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Opening Balance at January 1, 2021</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="vertical-align: top; width: 13%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>2,031&nbsp;</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 14%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>610&nbsp;</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Results for the period</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">54&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">7&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Currency exchange differences</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">4&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Closing Balance at March 31, 2021</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #A7A7A7 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>2,089&nbsp;</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #A7A7A7 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: #A7A7A7 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>620&nbsp;</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #A7A7A7 1pt solid; text-align: right">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285"><I>&nbsp;</I></P>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>8. PROPERTY, PLANT AND EQUIPMENT</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">During the three-month period ended March 31, 2021,
Millicom added property, plant and equipment of $95 million (March 31, 2020: $108 million) and received $1 million from disposal of property,
plant and equipment (March 31, 2020: nil).</P>

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

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

<!-- Field: Page; Sequence: 18; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: right; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="padding-top: 7pt; padding-bottom: 7pt; width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">for the three-month period ended March
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          31, 2021</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 35%"><IMG SRC="image_003.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>9. INTANGIBLE ASSETS</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">During the three-month period ended March 31, 2021,
Millicom added intangible assets of $25 million of which $0.3 million related to acquisition of spectrum and licenses, and $25 million
to additions of other intangible assets (March 31, 2020: $44 million out of which $21 million related to spectrum and licenses and $23
million to additions of intangible assets) and did not receive any proceeds from disposal of intangible assets (March 31, 2020: nil).</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>10. FINANCIAL OBLIGATIONS</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">The most significant movements in debt and financing
for the three-month period ended March 31, 2021 were as follows:</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">On February 22, 2021, Millicom redeemed 10% of the principal
outstanding of its Notes due 2026, 2028 and 2029 at a price of 103%. This redemption follows Millicom&rsquo;s announcement dated February
11, 2021. Total consideration of approximately $180&nbsp;million was funded from cash, consistent with the Company's decision to prioritize
debt reduction. The redemption premium of $5 million and the accelerated amortization of the upfront costs of $3 million, have been recorded
in the line &quot;Interest and other financial expenses&quot; in the statement of income during the three-month period ended March 31,
2021.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">On February 16, 2021, UNE EPM Telecomunicaciones S.A.
issued under the approved local bond program, a COP 485,680 million bond (approximately $138 million using the transaction date exchange
rate) with 3 maturities; Series 7 years at 5.56% fixed rate, Series 10 years at CPI plus 2.61% and 15 years at CPI plus 3.18% margin.
With the aim to improve UNE&rsquo;s natural hedge against local currency, the bond proceeds were used on March, 26, 2021 to partially
repay 50% of the $300 million syndicated loan of Colombia Movil S.A. (originally due in December 2024).</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">In November 2020, Cable Onda executed an agreement with
Bank of Nova Scotia for $110 million, which were disbursed in two tranches. The first tranche of $85 million was disbursed in December
2020, and on March 1, 2021 the second and final tranche ($25 million) was disbursed to Cable Onda.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285"><I>Analysis of debt and financing by maturity</I></P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="border-top: gray 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S. dollars</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>As at March 31, 2021</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>As at December 31, 2020</B></FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Due within:</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; width: 66%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">One year</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="width: 16%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">109&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 16%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">113&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">One-two years</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">256&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">107&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Two-three years</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">379&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">439&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Three-four years</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">595&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">811&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Four-five years</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">480&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">467&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">After five years</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3,592&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3,755&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Total debt and financing</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>5,412&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>5,691&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">As at March 31, 2021, the Group's share of total debt
and financing secured by either pledged assets, pledged deposits issued to cover letters of credit or guarantees was $285 million (December
31, 2020: $287 million).</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">The table below describes the outstanding and maximum
exposure under guarantees and the remaining terms of the guarantees as at March 31, 2021 and December 31, 2020.</P>

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

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

<!-- Field: Page; Sequence: 19; Value: 2 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="padding-top: 7pt; padding-bottom: 7pt; width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">for the three-month period ended March
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          31, 2021</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 35%"><IMG SRC="image_003.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: #A7A7A7 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Bank and financing guarantees (i)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 6.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S. dollars</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>As at March 31, 2021</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>As at December 31, 2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-left: 6.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Terms</B></FONT></TD>
    <TD COLSPAN="4" STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Outstanding and Maximum exposure</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="width: 60%; padding-left: 6.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">0-1&nbsp;year</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="width: 18%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">58&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 20%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">59&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-left: 6.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1-3&nbsp;years</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">227&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">227&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; padding-left: 6.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3-5&nbsp;years</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; padding-left: 6.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>285&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>287&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: right">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285"><I>(i) If non-payment by the obligor, the guarantee
ensures payment of outstanding amounts by the Group's guarantor.</I></P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; border-top: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S. dollars</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Three-months ended March 31, 2021</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Three-months ended March 31, 2020</B></FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; width: 70%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Interest expense on bonds and bank financing</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; width: 14%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(86)</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 14%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(97)</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Interest expense on leases</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(40)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(39)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Early redemption charges</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(5)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(17)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(11)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Total interest and other financial expenses</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(148)</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(147)</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: right">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>11. COMMITMENTS AND CONTINGENCIES</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; 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 March
31, 2021, the total amount of claims brought against Millicom and its subsidiaries is $257 million (December 31, 2020: $288 million).
The Group's share of the comparable exposure for joint ventures is $15 million (December 31, 2020: $14 million).</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">As at March 31, 2021, $43 million has been provisioned
by its subsidiaries for these risks in the consolidated statement of financial position (December 31, 2020: $45 million). The Group's
share of provisions made by the joint ventures was $3 million (December 31, 2020: $3 million). While it is not possible to ascertain the
ultimate legal and financial liability with respect to these claims and risks, the ultimate outcome is not anticipated to have a material
effect on the Group&rsquo;s financial position and operations.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">At March 31, 2021, the tax risks exposure of the Group's
subsidiaries is estimated at $317 million, for which provisions of $72 million have been recorded in tax liabilities; representing the
probable amount of eventual claims and required payments related to those risks (December 31, 2020: $339 million of which provisions of
$77 million were recorded). The Group's share of comparable tax exposure and provisions in its joint ventures amounts to $72 million (December
31, 2020: $69 million) and $5 million (December 31, 2020: $7 million), respectively.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">At March 31, 2021, the Company and its subsidiaries
had fixed commitments to purchase network equipment, other fixed assets and intangible assets of $453 million of which $300 million are
due within one year (December 31, 2020: $564 million of which $400 million are due within one year). The Group&rsquo;s share of commitments
in the joint ventures is $66 million and $37 million. (December 31, 2020: $69 million and $52 million).</P>

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


<!-- Field: Page; Sequence: 20; Value: 2 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="padding-top: 7pt; padding-bottom: 7pt; width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">for the three-month period ended March
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          31, 2021</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 35%"><IMG SRC="image_003.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>12. RELATED PARTY TRANSACTIONS</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">The following transactions were conducted with related
parties:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; border-top: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S. dollars</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Three-months ended March 31, 2021</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Three-months ended March 31, 2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Expenses</B></FONT></TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; width: 75%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Purchases of goods and services from Miffin</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="width: 12%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(49)</FONT></TD>
    <TD STYLE="width: 1%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(54)</FONT></TD>
    <TD STYLE="width: 1%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Purchases of goods and services from EPM</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(10)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(9)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other expenses</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(5)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(4)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(64)</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>(67)</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: right">&nbsp;</TD></TR>
  </TABLE>

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

<P STYLE="margin-top: 0; margin-bottom: 0"></P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; border-top: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S. dollars</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Three-months ended March 31, 2021</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Three-months ended March 31, 2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Income / gains</B></FONT></TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="width: 77%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Sale of goods and services to Miffin</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="width: 11%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">89&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">78&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Sale of goods and services to EPM</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">4&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other income / gains</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>93&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>82&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: right">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">The Group had the following balances with related parties:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; border-top: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S. dollars</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>As at March 31, 2021</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>As at December 31, 2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Liabilities</B></FONT></TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="width: 72%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Payables to Guatemala joint venture(i)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="width: 12%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">231&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 14%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">231&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Payables to Honduras joint venture(ii)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">104&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">103&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Payables to EPM</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">18&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">20&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Payables to Panama non-controlling interests</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other accounts payable</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="vertical-align: top; border-bottom: #A7A7A7 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>354&nbsp;</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #A7A7A7 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: #A7A7A7 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>356&nbsp;</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #A7A7A7 1pt solid; text-align: right">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><I>(i)</I></TD><TD><I>Interest bearing shareholder loans of which $28 million are
due after more than one year.</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><I>(ii)</I></TD><TD><I>Mainly advances for dividends expected to be declared in
2021</I></TD>
</TR></TABLE>

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


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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: right; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="padding-top: 7pt; padding-bottom: 7pt; width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">for the three-month period ended March
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          31, 2021</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 35%"><IMG SRC="image_003.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; border-top: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S. dollars</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>As at March 31, 2021</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>As at December 31, 2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Assets</B></FONT></TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD STYLE="width: 65%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Receivables from Guatemala joint venture(i)</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="width: 16%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">55&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 17%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">206&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Receivables from Honduras joint venture</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">77&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">84&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Receivables from EPM</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Receivables from Panama non-controlling interests</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other accounts receivable</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">5&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">5&nbsp;</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Total</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="vertical-align: top; border-bottom: #A7A7A7 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>141&nbsp;</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #A7A7A7 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: #A7A7A7 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>299&nbsp;</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #A7A7A7 1pt solid; text-align: right">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><I>(i)</I></TD><TD><I>In March 2021, the Guatemala joint venture prepaid $147.5
million of principal (out of the $193 million Millicom 's shareholder loan, granted in October 2020 and repayable by January 13, 2022,
at the latest).</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; color: #003A66"><B>13. FINANCIAL INSTRUMENTS</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">Other than the items disclosed below, the fair values
of financial assets and financial liabilities approximate their carrying values as at March 31, 2021 and December 31, 2020:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; border-top: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S. dollars</B></FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Carrying value</B></FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Fair value</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>As at March 31, 2021</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>As at December 31, 2020</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>As at March 31, 2021</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>As at December 31, 2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EEF1F9">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Financial liabilities</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: white">
    <TD STYLE="vertical-align: bottom; width: 40%; border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Debt and financing</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="width: 14%; border-bottom: #A7A7A7 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">5,412&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: #A7A7A7 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: #A7A7A7 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">5,691&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: #A7A7A7 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: #A7A7A7 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">5,639&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: #A7A7A7 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: #A7A7A7 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">5,572&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: #A7A7A7 1pt solid; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><I>(i)</I></TD><TD><I>Fair values are measured with reference to Level 1 (for listed
bonds) or 2.</I></TD>
</TR></TABLE>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285"><I>Currency and interest rate swap contracts </I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; 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. 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 March 31, 2021, the fair values of the swaps amount to an asset
of $9 million (December 31, 2020: an asset of $23 million).</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">Colombia, El Salvador and Costa Rica operations have
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 March 31,
2021, the fair value of El Salvador amount to a liability of $3 million (December 31, 2020: a liability of $3 million), Costa Rica swaps
amount to a liability of $5 million and an asset of $2 million (December 31, 2020: liability of $5 million and asset of $1 million) and
the fair value of Colombia swap amounts to an asset of $5 million (December 31, 2020: a liability of $7 million).</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">Interest rate and currency swaps are measured with reference
to Level 2 of the fair value hierarchy.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285"><B><I>Call and put options &ndash; Panama</I></B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">As of March 31, 2021, management used the same values
as those used for Q4 2020 closing since there were no significant developments during Q1 2021 indicating a significant change in Cable
Onda's valuation.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">As a consequence, the put option liability amounts to
$262 million.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">The call option, having a strike price at initial Transaction
price +10% interest p.a (exercisable from June 14, 2021 to July 14, 2022), has been valued at $3 million.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">There are no other derivative financial instruments
with a significant fair value at March 31, 2021.</P>

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


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="background-color: #00193C"><TD STYLE="padding-top: 7pt; padding-bottom: 7pt; width: 65%"> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white">for the three-month period ended March
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          31, 2021</P><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 11.25pt; color: white"></P></TD><TD STYLE="padding-top: 7pt; font-size: 10pt; padding-bottom: 7pt; width: 35%"><IMG SRC="image_003.jpg" ALT="" STYLE="height: 53px; width: 281px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>14. EQUITY INVESTMENTS</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">As at March 31, 2021 and December 31, 2020, Millicom
has the following investments in equity instruments measured at fair value through profit and loss under IFRS 9:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; border-top: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>in millions of U.S. dollars</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>March 31, 2021</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: #A7A7A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>December 31, 2020</B></FONT></TD></TR>
  <TR STYLE="background-color: #EEF1F9">
    <TD STYLE="vertical-align: bottom; width: 78%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Investment in HT</FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; width: 10%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">178&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 10%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">160&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: #A7A7A7 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>Equity investment - total</B></FONT><B><FONT STYLE="font-size: 10pt">&#9;</FONT></B></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>178&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #003A66"><B>160&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: #A7A7A7 1pt solid; text-align: right">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">During June and November 2020, Millicom disposed of
a total of 85 million shares that it owned in Helios Towers plc (&quot;HT&quot;). As a result of these transactions, Millicom owns a remaining
shareholding of 7.6% in HT, valued at $178 million and $160 million (level 1) at March 31, 2021 and December 31, 2020, respectively (using
a share price of GBP 1.69 and GBP 1.53 , respectively) . The changes in fair value are shown under 'Other non-operating (expenses) income,
net' (see note 5).</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>15. IPO &ndash; MILLICOM&rsquo;S OPERATIONS IN TANZANIA</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285">The Tanzanian government has implemented legislation
requiring telecommunications companies to list their shares on the Dar es Salaam Stock Exchange and offer 25% of their shares in a Tanzanian
public offering. The Group is currently seeking to reach an agreement with the Tanzanian government regarding the conditions of the IPO,
taking into account the proposed sale of our Tanzanian operation.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66"><B>16. SUBSEQUENT EVENTS</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #003A66">&nbsp;</P>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #808285"><FONT STYLE="background-color: white">On April 19, 2021,
we announced that we have signed agreements for the sale of our operations in Tanzania and for the disposal of our stake in the AirtelTigo
joint venture in Ghana. In Tanzania, Millicom agreed to sell its entire operations to a consortium led by Axian, a pan-African group that
was part of the consortium that acquired Millicom&rsquo;s operations in Senegal in 2018. In Ghana, Millicom along with its joint venture
partner, Bharti Airtel Limited, have signed a definitive agreement for the transfer of AirtelTigo to the Government of Ghana. Millicom
recorded a $25 million charge in Q1 as part of this agreement. Completion of each transaction is subject to regulatory approvals. The
provision charge is recorded under the line &quot;Other operating income (expenses), net&quot; in the statement of income.</FONT></P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="3">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>MILLICOM INTERNATIONAL CELLULAR S.A.</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Registrant)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Salvador Escalon</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 7%"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="width: 39%"><FONT STYLE="font-size: 10pt">Salvador Escalon</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Executive Vice President, General Counsel</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">Date: April 29, 2021</P>

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

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

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