<SEC-DOCUMENT>0000950103-22-004719.txt : 20220317
<SEC-HEADER>0000950103-22-004719.hdr.sgml : 20220317
<ACCEPTANCE-DATETIME>20220317130417
ACCESSION NUMBER:		0000950103-22-004719
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20220317
FILED AS OF DATE:		20220317
DATE AS OF CHANGE:		20220317

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:		22747658

	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>dp169195_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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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 -->

<P STYLE="font: 14pt 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"><B>UNITED STATES</B></P>

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

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

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

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

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

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: -6.85pt"><FONT STYLE="font-size: 12pt"><B>PURSUANT
TO RULE 13a-16 OR 15d-16 OF THE</B></FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: -6.85pt"><FONT STYLE="font-size: 12pt"><B>SECURITIES
EXCHANGE ACT OF 1934</B></FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: -6.85pt"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">For the month of
March, 2022.</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">_____________________&nbsp;</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>



<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>Commission File
Number: 001-38763</B></FONT></P>

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

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

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

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

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

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

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 40%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 29%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Form 20-F</FONT></TD>
    <TD STYLE="width: 14%"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 10pt">X</FONT></P></TD>
    <TD STYLE="width: 15%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 28%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Form 40-F</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 14%"><FONT STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 40%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 29%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 14%"><FONT STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 15%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></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: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 10pt">X</FONT></P></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 40%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 29%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 14%"><FONT STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 15%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></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: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 10pt">X</FONT></P></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&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 -->

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">MILLICOM INTERNATIONAL
CELLULAR S.A.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">INDEX TO FURNISHED MATERIAL</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Item<BR>
______<BR></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-indent: 0in"><FONT STYLE="font-size: 10pt">1.
Press release dated March 17, 2022.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Item 1</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><TABLE CELLPADDING="4" CELLSPACING="0" STYLE="font: 24pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(12,15,57); vertical-align: top; text-align: left"><TD STYLE="padding-top: 9pt; padding-left: 0.375in; text-align: left; vertical-align: middle; width: 50%; padding-bottom: 9pt"><IMG SRC="image_002.jpg" ALT=""></TD><TD STYLE="padding-top: 9pt; text-align: center; width: 50%; padding-bottom: 9pt">&nbsp;<IMG SRC="image_003.jpg" ALT=""></TD></TR>
</TABLE></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<P STYLE="color: #2E74B5; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; color: #2E74B5; margin: 0pt 0; text-align: center"></P>

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

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

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

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

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

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

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

<P STYLE="color: #2E74B5; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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

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

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

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

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

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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #2E74B5; font: 13pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: center">I. NOTICE</TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The annual general meeting (&ldquo;<B>AGM</B>&rdquo;)
of the shareholders of MILLICOM INTERNATIONAL CELLULAR S.A. (&ldquo;<B>Millicom</B>&rdquo; or the &ldquo;<B>Company</B>&rdquo;) is hereby
convened to be held virtually (i.e., without a physical presence) on <U>Wednesday, May 4, 2022, at 2:00 p.m. Central European Time </U>(&quot;<B>CET</B>&quot;).</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The Company continues to monitor
developments regarding the coronavirus (COVID-19) and related instructions from the Luxembourg Ministry of Health and other competent
authorities in and outside of Luxembourg. Due to these circumstances, Millicom is taking precautionary measures to limit the exposure
for its employees, shareholders and stakeholders, and the Board of Directors (the &ldquo;<B>Board</B>&rdquo;) resolved to hold this year's
AGM without a physical presence, in accordance with Luxembourg law. The shareholders are therefore hereby informed that it will not be
possible to attend the AGM physically this year. Shareholders are in this context reminded that they may exercise their rights at the
AGM solely by voting by proxy as further specified below.</P>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #2E74B5; font: 13pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: center">II. AGENDA</TD></TR></TABLE>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="color: #002060">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">To
                                            elect the Chair of the AGM and to empower the Chair to appoint the other members of the bureau
                                            of the meeting. [</FONT><FONT STYLE="font-size: 10pt"><U>Note</U><FONT STYLE="color: #002060">]</FONT></FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">2.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To receive the management reports of the Board and the reports of the external
auditor on the annual accounts and the consolidated accounts for the year ended December 31, 2021.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">3.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To approve the annual accounts and the consolidated accounts for the year
ended December 31, 2021.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="color: #002060">4.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">To
                                            allocate the results of the year ended December 31, 2021 to unappropriated net profits to
                                            be carried forward. [</FONT><FONT STYLE="font-size: 10pt"><U>Note</U><FONT STYLE="color: #002060">]</FONT></FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="color: #002060">5.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">To
                                            discharge all the Directors of Millicom for the performance of their mandates during the
                                            year ended December 31, 2021.</FONT> <FONT STYLE="color: #002060">[</FONT><U>Note</U><FONT STYLE="color: #002060">]</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">6.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To set the
                                            number of Directors at nine (9). [<U>Note</U>]</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">7.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To re-elect
                                            Mr. Jos&eacute; Antonio R&iacute;os Garc&iacute;a as a Director for a term ending at the
                                            annual general meeting to be held in 2023 (the &quot;<B>2023 AGM</B>&quot;). [<U>Note</U>]</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">8.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To re-elect
                                            Ms. Pernille Erenbjerg as a Director for a term ending at the 2023 AGM. [<U>Note</U>]</FONT></TD></TR></TABLE>

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


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="4" CELLSPACING="0" STYLE="font: 24pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"><TR STYLE="background-color: rgb(12,15,57); vertical-align: top; text-align: left"><TD STYLE="padding-top: 9pt; padding-left: 0.375in; text-align: left; vertical-align: middle; width: 50%; padding-bottom: 9pt"><IMG SRC="image_002.jpg" ALT=""></TD><TD STYLE="padding-top: 9pt; text-align: center; width: 50%; padding-bottom: 9pt">&nbsp;<IMG SRC="image_003.jpg" ALT=""></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">9.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To re-elect
                                            Mr. Odilon Almeida as a Director for a term ending at the 2023 AGM. [<U>Note</U>]</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">10.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To re-elect
                                            Mr. Bruce Churchill as a Director for a term ending at the 2023 AGM. [<U>Note</U>]</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">11.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To re-elect
                                            Mr. Mauricio Ramos as a Director for a term ending at the 2023 AGM. [<U>Note</U>]</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">12.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To re-elect
                                            Mr. James Thompson as a Director for a term ending at the 2023 AGM. [<U>Note</U>]</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">13.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To re-elect
                                            Ms. Mercedes Johnson as a Director for a term ending at the 2023 AGM. [<U>Note</U>]</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">14.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To re-elect
                                            Mr. Lars-Johan Jarnheimer as a Director for a term ending at the 2023 AGM. [<U>Note</U>]</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">15.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To elect Mr.
                                            Tomas Eliasson as a Director for a term ending at the 2023 AGM. [<U>Note</U>]</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">16.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To re-elect
                                            Mr. Jos&eacute; Antonio R&iacute;os Garc&iacute;a as Chairman of the Board for a term ending
                                            at the 2023 AGM. [<U>Note</U>]</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt">17.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To approve the
                                            Directors&rsquo; remuneration for the period from the AGM to the 2023 AGM. [<U>Note</U>]</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">18.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To re-elect
                                            Ernst &amp; Young S.A., Luxembourg as the external auditor for a term ending on the date
                                            of the 2023 AGM and to approve the external auditor remuneration to be paid against an approved
                                            account. [<U>Note</U>]</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">19.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To approve
                                            an instruction to the Nomination Committee. [<U>Note</U>]</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #002060">20.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #002060">To
                                            approve the Share Repurchase Plan. [</FONT><FONT STYLE="font-size: 10pt"><U>Note</U><FONT STYLE="color: #002060">]</FONT></FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">21.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To vote on
                                            the 2021 Remuneration Report. [<U>Note</U>]</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">22.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To approve
                                            the Senior Management Remuneration Policy. [<U>Note</U>]</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">23.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To approve
                                            the share-based incentive plans for Millicom employees. [<U>Note</U>]</FONT></TD></TR></TABLE>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #2E74B5; font: 13pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: center">III. KEY DATES</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 4pt; width: 34%; border: #5B9BD5 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">April 12, 2022</FONT></TD>
    <TD STYLE="padding: 2pt 4pt; width: 66%; border-top: #5B9BD5 1pt solid; border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Deadline to propose additional items to the agenda</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 4pt; border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; border-left: #5B9BD5 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">April 14 &ndash; April 20, 2022</FONT></TD>
    <TD STYLE="padding: 2pt 4pt; border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Conversion stoppage</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 4pt; border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; border-left: #5B9BD5 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">April 20, 2022</FONT></TD>
    <TD STYLE="padding: 2pt 4pt; border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Voting Record Date </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 4pt; border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; border-left: #5B9BD5 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">April 28, 2022</FONT></TD>
    <TD STYLE="padding: 2pt 4pt; border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Deadline to submit proxies </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 4pt; border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; border-left: #5B9BD5 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060"><B>May 4, 2022</B></FONT></TD>
    <TD STYLE="padding: 2pt 4pt; border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060"><B>AGM</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>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #2E74B5; font: 13pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: center">IV. RIGHT TO PARTICIPATE AT THE AGM</TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The following persons who comply
with the procedure below, and hold shares or SDRs on April 20, 2022 at 24.00 CET (the &quot;<B>Voting Record Date</B>&quot;) are eligible
to vote at the AGM<SUP>1</SUP>:</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">(1) Holders of Millicom shares
traded on the Nasdaq Stock Market in the US (&ldquo;<B>Nasdaq US</B>&rdquo;) under the ticker symbol TIGO (&ldquo;<B>Millicom Shareholders</B>&rdquo;)
that are registered with the Broadridge Corporate Issuer Solutions, Inc. (&ldquo;<B>Broadridge</B>&rdquo;), including those held by Cede&nbsp;&amp; Co (&ldquo;<B>DTCC</B>&rdquo;), and</P>

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

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

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 15%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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

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

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


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="4" CELLSPACING="0" STYLE="font: 24pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"><TR STYLE="background-color: rgb(12,15,57); vertical-align: top; text-align: left"><TD STYLE="padding-top: 9pt; padding-left: 0.375in; text-align: left; vertical-align: middle; width: 50%; padding-bottom: 9pt"><IMG SRC="image_002.jpg" ALT=""></TD><TD STYLE="padding-top: 9pt; text-align: center; width: 50%; padding-bottom: 9pt">&nbsp;<IMG SRC="image_003.jpg" ALT=""></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">(2) Holders of SDRs traded on Nasdaq
Stockholm under the ticker symbol TIGO SDB (&ldquo;<B>Millicom SDR Holders</B>&rdquo;) that are registered with Euroclear Sweden AB (&ldquo;<B>Euroclear
Sweden</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #002060"><B>Conversion
stoppage.</B> Conversions from SDRs into shares, and vice versa, will not be permitted from April 14, 2022 (included) up to April 20,
2022 (included). Millicom SDR Holders and Millicom Shareholders who seek to convert their SDRs to shares, or vice versa (which can be
done in accordance with the procedures set out on Millicom&rsquo;s website at </FONT><U>https://www.millicom.com/media/4787/millicom-conversion-process.pdf</U><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #002060">),
should take into consideration the dates and times noted above. </FONT></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>Instructions for voting </B>by
Millicom Shareholders are shown below. Instructions for voting by Millicom SDR Holders are shown on the next page.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 16pt"><B>1.</B></TD><TD STYLE="text-align: justify"><B>Millicom Shareholders (US)</B></TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #E7E6E6">
    <TD STYLE="padding: 3pt; width: 100%; border: Black 1pt solid; font-size: 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #002060"><I>Eligible Millicom Shareholders</I></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">Voting is reserved
    to Millicom Shareholders duly registered with Broadridge and/or held by DTCC, on the Voting Record Date (as defined above) at 24.00 CET
    and who vote in accordance with these procedures.</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Beneficial owners. Beneficial owners
    of shares that are registered in the name of a nominee or broker (including nominees or brokers that hold shares through DTCC) have the
    right to instruct their nominee or broker on how to vote with a voter instruction form (&ldquo;<B>VIF</B>&rdquo;), or as may otherwise
    be established by the nominee or broker.</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Beneficial holders who wish to
    vote directly must request the nominee or broker, that appears as the registered shareholder on the Voting Record Date, to issue a legal
    proxy which allows the beneficial owner to vote his or her shares directly.</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Beneficial owners who do not vote
    via their brokers/nominees or do not have a legal proxy are not eligible to vote.</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #E7E6E6">
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #002060"><I>Ways to vote and deadline</I></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt; color: #002060">By proxy: registered shareholders may submit the power of attorney form (&ldquo;<B>Millicom Shareholder Proxy Form</B>&rdquo;) containing their voting instructions, such that it is received <B>no later than on April 28, 2022</B>.</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #E7E6E6">
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt; color: #002060"><I>Channels to submit the Millicom Shareholder Proxy Form</I></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="color: #002060">1.&nbsp;&nbsp;&nbsp;<B>Online</B>:
    The Company has sent by post the invitation letter and the Millicom Shareholder Proxy Form needed to vote at the AGM. The Millicom Shareholder
    Proxy Form includes a <U>control number</U>. Votes can be cast using the control number at </FONT>https://east.proxyvote.com/pv/web</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="color: #002060">If
    you consider that you are eligible to vote but you have not received the control number by post and you would like to submit your
    vote online, please contact Millicom at </FONT><U>information@millicom.com</U></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="4" CELLSPACING="0" STYLE="font: 24pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"><TR STYLE="background-color: rgb(12,15,57); vertical-align: top; text-align: left"><TD STYLE="padding-top: 9pt; padding-left: 0.375in; text-align: left; vertical-align: middle; width: 50%; padding-bottom: 9pt"><IMG SRC="image_002.jpg" ALT=""></TD><TD STYLE="padding-top: 9pt; text-align: center; width: 50%; padding-bottom: 9pt">&nbsp;<IMG SRC="image_003.jpg" ALT=""></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="width: 100%; border: Black 1pt solid">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="color: #002060">2.&nbsp;&nbsp;&nbsp;<B>By
    post</B>: The Millicom Shareholder Proxy Form can be submitted by post. The original completed, dated and signed Millicom Shareholder
    Proxy Form should be mailed to the address provided in the form. Millicom Shareholders that choose to send the Millicom Shareholder
    Proxy Form by post should also send a scanned copy to: </FONT><U>information@millicom.com</U></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0pt"><FONT STYLE="color: #002060">Millicom
    Shareholder Proxy Forms and all supporting documents can be downloaded from Millicom&rsquo;s website: </FONT><U>https://www.millicom.com/our-company/governance/shareholder-meetings/</U></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                                                         <TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>2.</B></TD><TD STYLE="text-align: justify"><B>Millicom SDR Holders (Sweden)</B></TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #002060">
    <TD STYLE="padding: 3pt; width: 100%; border: Black 1pt solid; font-size: 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><I>Eligible Millicom SDR Holders</I></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">Voting is reserved
    to Millicom SDR Holders duly registered with Euroclear Sweden as of the Voting Record Date (as defined above) at 24.00 CET and who vote
    in accordance with these procedures.</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>Re-registration</B>. In order
    to exercise their rights at the AGM, Millicom SDR Holders whose SDRs are registered in the name of a broker or nominee must temporarily
    re-register the SDRs in their own name in the records maintained by Euroclear Sweden. Millicom SDR Holders wishing to re-register must
    inform their broker/nominee well in advance of the Voting Record Date so that they appear on the records maintained by Euroclear Sweden
    at 24.00 CET on the Voting Record Date.</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Note that the re-registration process
    can take up to 10 business days, and Millicom SDR Holders who have not re-registered will not be eligible to vote at the AGM. As such,
    we strongly recommend commencing the re-registration process as soon as possible.</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #002060">
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><I>Ways to vote and deadline</I></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt; text-align: justify; text-indent: 0in"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #002060">By
                                                                                                                                                                                  proxy: registered Millicom SDR Holders may submit the power of attorney form (&ldquo;<B>Millicom SDR Holder Proxy Form</B>&rdquo;)
                                                                                                                                                                                  containing their voting instructions, such that it is received <B>no later than on April 28, 2022</B>.</FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #002060">&nbsp;</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #002060">
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt; color: white"><I>Channels
    to submit the Millicom SDR Holder Proxy Form </I></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.25in"><FONT STYLE="color: #002060">1.&nbsp;&nbsp;&nbsp;<B>Online</B>:
    The Company has sent by post the invitation letter to vote at the AGM. The invitation letter includes a <U>pin code</U>. Votes can
    be cast using the pin code online at </FONT><U>https://anmalan.vpc.se/Millicom/frmEntre.aspx</U><FONT STYLE="color: #002060">. </FONT></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.25in">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 34pt; text-align: left; color: #002060">Alternatively, if you
have a Swedish BankID (available for Swedish individuals only) then it is also possible to vote online at <U>https://anmalan.vpc.se/euroclearproxy</U>&nbsp;using your BankID (instead of the pin-code).</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 34pt; text-align: left; color: #002060">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 34pt"><FONT STYLE="color: #002060">If you are a Millicom SDR Holder
    eligible to vote at the AGM but have not received the invitation letter, and you would like to submit your vote online, please contact
    Euroclear Sweden at: </FONT>millicom@euroclear.com <FONT STYLE="color: #002060">or by phone: +468-401-43-11 between 9:00 a.m. and 4:00
    p.m. CET.</FONT></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 34pt">&nbsp;</P></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="4" CELLSPACING="0" STYLE="font: 24pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"><TR STYLE="background-color: rgb(12,15,57); vertical-align: top; text-align: left"><TD STYLE="padding-top: 9pt; padding-left: 0.375in; text-align: left; vertical-align: middle; width: 50%; padding-bottom: 9pt"><IMG SRC="image_002.jpg" ALT=""></TD><TD STYLE="padding-top: 9pt; text-align: center; width: 50%; padding-bottom: 9pt">&nbsp;<IMG SRC="image_003.jpg" ALT=""></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding: 3pt; width: 100%; border: Black 1pt solid">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in; color: #002060">2.&nbsp;&nbsp;&nbsp;<B>By
post</B>: The SDR Holder Proxy Form can be submitted by post. The original completed, dated and signed SDR Holder Proxy Form shall be
mailed to the address provided in the form. <FONT STYLE="color: #002060">Millicom SDR Holders that choose to send the SDR Holder Proxy
Form by post should also send a scanned copy to: </FONT><U>millicom@euroclear.com</U></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0.25in; text-align: left; text-indent: 0pt"><FONT STYLE="color: #002060">SDR
    Holder Proxy Forms and all supporting documents can be downloaded from Millicom&rsquo;s website: </FONT><U>https://www.millicom.com/our-company/governance/shareholder-meetings</U>/</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.25in">&nbsp;</P></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #2E74B5; font: 13pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: center">&nbsp;</TD></TR>
                                                                                                                                                         <TR STYLE="vertical-align: top">
<TD STYLE="text-align: center">&nbsp;</TD></TR>
                                                                                                                                                         <TR STYLE="vertical-align: top">
<TD STYLE="text-align: center">V. SHARE CAPITAL, QUORUM, AND MAJORITY</TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">As of March 15, 2022, Millicom
had 101,739,217 outstanding shares, each with nominal value of USD 1.50, and each share is entitled to one vote. As of March 15, 2022,
Millicom held 1,269,782 shares in treasury. The number of shares held in treasury by Millicom will be updated on the Voting Record Date
to calculate the voting results. Voting rights attached to shares held in treasury are suspended by law.</P>

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 13pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #2E74B5"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: center">VI. RIGHT TO PROPOSE NEW ITEMS TO THE AGENDA</TD></TR></TABLE>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #002060">These rights shall
be exercised in writing and submitted to Millicom by mail at Millicom&rsquo;s Registered Address, attention: Company Secretary, and by
e-mail to </FONT><U>information@millicom.com</U><FONT STYLE="color: #002060">, such that they are received no later than April 12, 2022,
and the revised agenda will be published by Millicom, no later than April 19, 2022. Shareholder(s) requesting to add an item to the agenda
must provide: </FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #002060; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">(i)</TD><TD>a reason or motivation for such petition,</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #002060; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">(ii)</TD><TD>a draft of the resolution to be presented at the AGM, 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" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #002060; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">(iii)</TD><TD>a postal and e-mail address to which the acknowledgment of
receipt of their request may be sent by Millicom. Such acknowledgment will be sent within forty-eight (48) hours of receipt of the request.</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>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #2E74B5; font: 13pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: center">VII. ABILITY TO ASK QUESTIONS AHEAD OF THE AGM</TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #002060">Shareholders have
the right to ask questions about items on the agenda of the AGM ahead of the meeting. The Company will on a best-efforts basis provide
responses to the questions on the Company&rsquo;s website. Questions must be received by the Company by April 28, 2022. Questions must
be sent by e-mail to: </FONT><U>information@millicom.com</U> <FONT STYLE="color: #002060">and include the shareholder&rsquo;s full name
and address and proof of ownership of Millicom shares on the Voting Record Date.</FONT></P>

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


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="4" CELLSPACING="0" STYLE="font: 24pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"><TR STYLE="background-color: rgb(12,15,57); vertical-align: top; text-align: left"><TD STYLE="padding-top: 9pt; padding-left: 0.375in; text-align: left; vertical-align: middle; width: 50%; padding-bottom: 9pt"><IMG SRC="image_002.jpg" ALT=""></TD><TD STYLE="padding-top: 9pt; text-align: center; width: 50%; padding-bottom: 9pt">&nbsp;<IMG SRC="image_003.jpg" ALT=""></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #2E74B5; font: 13pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: center">VIII. SUPPORTING DOCUMENTS AND INFORMATION</TD></TR></TABLE>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #002060; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD>this Convening Notice;</TD>
</TR></TABLE>

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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #002060; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD>the draft resolutions of the AGM;</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #002060; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD>Millicom&rsquo;s annual accounts and consolidated accounts for
the year ended December 31, 2021, together with the management report(s) of the Board and the report(s) of the external auditor on the
annual accounts and consolidated accounts;</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #002060; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD>U.S. General Federal Income Tax Considerations for U.S. holders
of Millicom shares and SDRs;</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #002060; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD>the Nomination Committee's motivated statement explaining its
proposals regarding the Board and information on the proposed new Directors; 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" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #002060; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD>the 2021 Remuneration Report.</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"><FONT STYLE="color: #002060">Shareholders may
also receive a copy of the above-mentioned documents by sending a request by mail to the Millicom Registered Address, attention: Company
Secretary, or by e-mail to </FONT><U>information@millicom.com</U>.</P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #2E74B5; font: 13pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: center">IX. NOTES TO THE AGENDA POINTS OF THE AGM</TD></TR></TABLE>

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

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

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

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

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

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

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

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

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


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>AGM &ndash; item 4: RESULTS
ALLOCATION </B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">On a parent-company basis, Millicom
generated a profit of USD 204,806,298 for the fiscal year ended December 31, 2021. The Board proposes to allocate the result to unappropriated
net profits to be carried forward.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white; color: #002060"><B>AGM
&ndash; item 5: DISCHARGE OF DIRECTORS FOR THEIR PERFORMANCE</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white; color: #002060">To
discharge of all the current and former Directors of Millicom who served at any point in time during the financial year ended December
31, 2021 for the performance of their mandates.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white; color: #002060"><B>AGM
&ndash; items 6-16: ELECTION OF THE DIRECTORS</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; background-color: white; color: #002060">The Nomination
Committee proposes that the Board shall consist of nine (9) directors.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">The Nomination
Committee proposes that Mr. Odilon Almeida, Mr. Bruce Churchill, Ms. Pernille Erenbjerg, Mr. Lars-Johan Jarnheimer, Ms. Mercedes Johnson,
Mr. Jos&eacute; Antonio R&iacute;os Garc&iacute;a and Mr. James Thompson be re-elected as Non-Executive Directors of Millicom for the
term beginning at the AGM and ending at the 2023 AGM. The Nomination Committee proposes that Mr. Mauricio Ramos be re-elected as an Executive
Director of Millicom for the term beginning at the AGM and ending at the 2023 AGM.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; background-color: white; color: #002060">The Nomination
Committee proposes that Mr. Tomas Eliasson be elected as a new Non-Executive Director of Millicom for the term beginning at the AGM and
ending at the 2023 AGM.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; background-color: white; color: #002060">Ms. Sonia
Dul&aacute; has decided not to seek re-election as a Director of Millicom.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">The Nomination
Committee, supported by the Board, proposes that Mr. Jos&eacute; Antonio R&iacute;os Garc&iacute;a be re-elected as Chairman of the Board
for a term beginning at the AGM and ending at the 2023 AGM.</P>

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

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

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

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

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">In proposing remuneration for the
Directors, the Nomination Committee considers many factors, including the size and complexity of the business, the number of board and
committee meetings, the amount of responsibility related to each role, as well as market practice. The Nomination Committee also appoints
an external compensation consultant to provide advice and benchmarking. The Chairman of the Board of Millicom does not participate in
discussions or decision-making regarding Director remuneration.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">No remuneration is paid to Executive
Directors.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Remuneration to Non-Executive Directors
comprises cash-based and share-based components, weighted toward shares to align with the compensation philosophy and guidelines of the
Company set out in item 22. Non-Executive Directors appointed to Board Committees receive cash-based compensation for each appointment.</P>

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

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

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


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Share-based compensation is in
the form of fully paid-up shares of Millicom common stock. There are no retention, vesting or other holding conditions attached to the
shares. Such shares are provided from the Company&rsquo;s treasury shares
or alternatively issued within Millicom&rsquo;s authorized share capital exclusively in exchange for allocation from the premium reserve
(i.e., for nil consideration from the relevant Directors). Share-based compensation is calculated by dividing the approved remuneration
by the average Millicom closing share price on the Nasdaq Stock Market in the US for the three-month period ending on April 30, 2022,
provided that shares shall not be issued below par value.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">In respect of Non-Executive Directors
who do not serve an entire term, remuneration will be pro-rated <I>pro rata temporis</I>.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The Nomination Committee proposes
the compensation for the period from the date of the AGM to the date of the 2023 AGM, as follows:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 90%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; width: 70%; border: black 1pt solid; font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding: 2pt 3pt; width: 16%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060"><B>Cash</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060"></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060"><B>2022/2023</B>&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060"><B>(USD)</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060"></P></TD>
    <TD STYLE="padding: 2pt 3pt; width: 14%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060"><B>Shares</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060"></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060"><B>2022/2023</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060"></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060"><B>(USD)</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060"></P></TD></TR>
  <TR>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: white; font-size: 11pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Chairman of the Board (1)</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 11pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #002060">105,000</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 11pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #002060">210,000</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: white; font-size: 11pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Deputy Chairman (1)</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 11pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #002060">75,000</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 11pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #002060">160,000</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: white; font-size: 11pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Non-Executive Board Members (6)</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 11pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #002060">55,000</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 11pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #002060">105,000</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: white; font-size: 11pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Audit Committee Chair (1)</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 11pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #002060">45,000</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #002060">-&nbsp;&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: white; font-size: 11pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Audit Committee Members (3)</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 11pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #002060">22,500</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #002060">-&nbsp;&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: white; font-size: 11pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Compensation Committee Chair (1)</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 11pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #002060">25,000</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #002060">-&nbsp;&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: white; font-size: 11pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Compensation Committee Members (2)</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 11pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #002060">12,500</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #002060">-&nbsp;&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: white; font-size: 11pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Compliance and Business Conduct Committee Chair (1)</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 11pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #002060">25,000</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #002060">-&nbsp;&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: white; font-size: 11pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Compliance and Business Conduct Committee Members (2)</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 11pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #002060">12,500</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #002060">-&nbsp;&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: white; font-size: 11pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060"><B>Total </B></FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 11pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #002060"><B>722,500</B></FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 11pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #002060"><B>1,000,000</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The Nomination Committee, in accordance
with the recommendation of Millicom&rsquo;s Audit Committee, proposes that Ernst &amp; Young S.A. Luxembourg be re-elected as external
auditor for a term beginning at the AGM and ending at the 2023 AGM.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The proposal from the Nomination
Committee, and recommendation from the Audit Committee, is based on an evaluation of external audit firms, last conducted in 2020 and
on an internal evaluation of the performance of Ernst &amp; Young S.A. Luxembourg performed in February 2022.</P>

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

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

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

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

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


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="4" CELLSPACING="0" STYLE="font: 24pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"><TR STYLE="background-color: rgb(12,15,57); vertical-align: top; text-align: left"><TD STYLE="padding-top: 9pt; padding-left: 0.375in; text-align: left; vertical-align: middle; width: 50%; padding-bottom: 9pt"><IMG SRC="image_002.jpg" ALT=""></TD><TD STYLE="padding-top: 9pt; text-align: center; width: 50%; padding-bottom: 9pt">&nbsp;<IMG SRC="image_003.jpg" ALT=""></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B>AGM &ndash; item 19: INSTRUCTION
TO THE NOMINATION COMMITTEE</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The Nomination Committee
proposes that the following Instruction to the Nomination Committee shall apply until new instructions have been adopted. In the
event any applicable law or stock market regulation requires a change to this procedure, the Nomination Committee shall take any
steps necessary or proper to ensure compliance with such rules.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The work of preparing the following
agenda items for the annual general meeting shall be performed by a Nomination Committee:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">To propose the Chair of the annual general meeting;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">To set the number of Directors of the Board;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">To propose candidates to be elected or re-elected as Directors and the term of their appointment;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">To propose the remuneration of the Directors;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: justify">To propose the election or re-election of the external auditor and its remuneration; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">(vi)</TD><TD STYLE="text-align: justify">To propose a new / amended instruction to the Nomination Committee, if deemed appropriate.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The Nomination Committee shall
be formed in consultation with the largest shareholders as of the last business day of June 2022. The Nomination Committee shall consist
of at least four members (except that the Nomination Committee may consist of less than four members to the extent that the ten largest
shareholders have been given the opportunity to appoint a member and more than six of those largest shareholders have declined) and comprise:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">the Chairman of the Board, and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">at least three members appointed by shareholders, each appointed by one of the largest shareholders which
has chosen to appoint a member.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The majority of the members of
the Nomination Committee are to be independent of the Company and its executive management. At least one member of the Nomination Committee
must be independent of the Company&rsquo;s largest shareholder in terms of votes or any group of shareholders who act in concert in governance
of the Company. The Chairman of the Board shall act as the Nomination Committee&rsquo;s convener, and the members of the Nomination Committee
will appoint the Nomination Committee&rsquo;s Chairman at their first meeting, provided that the Chairman of the Board may not serve as
the Chairman of the Nomination Committee. Before the assignment is accepted, a proposed member of the Nomination Committee shall carefully
consider any conflict of interest or other circumstances that makes membership of the Nomination Committee inappropriate. The Chief Executive
Officer or other members of the executive management, while not members of the Nomination Committee, may be invited by the Chairman of
the Nomination Committee to participate in meetings of the Nomination Committee as considered appropriate.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The Nomination Committee is appointed
for a term of office commencing at the time of its formation, which must be no later than six months before the annual general meeting
and ending when a new Nomination Committee is formed. If a member resigns during the Nomination Committee&rsquo;s term of office, and
provided that the Nomination Committee finds this prudent, the shareholder that appointed the resigning member may be asked to appoint
a new member, provided that the shareholder is still one of the largest shareholders of Millicom. If that shareholder declines to appoint
a new member, the Nomination Committee may choose to ask the next largest qualified shareholder to appoint a Nomination Committee member
and so on.</P>

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


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="4" CELLSPACING="0" STYLE="font: 24pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"><TR STYLE="background-color: rgb(12,15,57); vertical-align: top; text-align: left"><TD STYLE="padding-top: 9pt; padding-left: 0.375in; text-align: left; vertical-align: middle; width: 50%; padding-bottom: 9pt"><IMG SRC="image_002.jpg" ALT=""></TD><TD STYLE="padding-top: 9pt; text-align: center; width: 50%; padding-bottom: 9pt">&nbsp;<IMG SRC="image_003.jpg" ALT=""></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">In the event of changes to the
ownership structure of the Company, whereby a shareholder that has appointed a member to the Nomination Committee significantly reduces
its shareholding, the Nomination Committee may decide to change its composition and invite the new larger shareholder(s) to appoint a
member of the Nomination Committee. In its decision, the Nomination Committee shall <I>inter alia</I> take into account the status of
its work, the time remaining to the annual general meeting and the nature of the change in ownership. If more than three months remain
until the annual general meeting, however, a shareholder that has become amongst the three largest shareholders shall always, at its request,
have the right to appoint a member of the Nomination Committee.</P>

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

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

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The Board proposes that the meeting
resolves to cancel the share repurchase plan approved by the AGM held on May 4, 2021, and approve a new Share Repurchase Plan on the following
terms:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3.3pt"></TD><TD STYLE="width: 18pt"><I>1.</I></TD><TD STYLE="text-align: justify"><I>To authorize the Board, at any time between May 4, 2022 and the date of the 2023 annual general meeting
of shareholders, to repurchase Millicom's common shares and Swedish Depository Receipts (SDRs), hereafter individually and collectively
referred to as the &ldquo;<B>Shares</B>&rdquo;, in accordance with applicable laws and regulations in force, and in particular the Luxembourg
law of 10 August 1915 on commercial companies, as amended (the &quot;<B>Luxembourg Commercial Companies Law</B>&quot;) (the &quot;<B>Share
Repurchase Plan</B>&quot;), and subject to the following conditions: </I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><I>2.</I></TD><TD STYLE="text-align: justify"><I>The transactions under the Share Repurchase Plan may be carried out by any permitted means, including
but not limited to entering into market, off-market, over-the-counter and mutual agreement transactions, through payment in cash or in
kind, using distributable profits, available reserves, new shares issue, derivative financial instruments or any other financing mechanism.</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.15pt"></TD><TD STYLE="width: 17.85pt"><I>3.</I></TD><TD STYLE="text-align: justify"><I>While the primary purpose of the Share Repurchase Plan is set out below, the Share Repurchase Plan
may be carried out for all purposes allowed, or which would become authorized by, the applicable law and regulations.</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.15pt"></TD><TD STYLE="width: 17.85pt"><I>4.</I></TD><TD STYLE="text-align: justify"><I>The maximum number of Shares that may be acquired shall not exceed ten per cent (10%) of Millicom's
outstanding share capital as of the date when the start of the share repurchase program is announced by press release. </I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><I>5.</I></TD><TD STYLE="text-align: justify"><I>Repurchase transactions under the Share Repurchase Plan may be made at acquisition prices per Share
as follows:</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><I>a.</I></TD><TD STYLE="text-align: justify"><I>For Shares repurchased on a regulated market where the shares are traded, the price per Share shall
be within the registered interval for the share price prevailing at any time (the so-called spread), that is, the interval between the
highest buying rate and the lowest selling rate of the Shares on the market on which the purchases are made.</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><I>b.</I></TD><TD STYLE="text-align: justify"><I>For any other Shares repurchased, the price per share may not exceed 110% of the most recent closing
trading price of the Shares on the Nasdaq Stock Market in the U.S., provided that the minimum repurchase price is above SEK 50 (or USD
equivalent).</I></TD></TR>
</TABLE>

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


<!-- Field: Page; Sequence: 12; Value: 1 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="4" CELLSPACING="0" STYLE="font: 24pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"><TR STYLE="background-color: rgb(12,15,57); vertical-align: top; text-align: left"><TD STYLE="padding-top: 9pt; padding-left: 0.375in; text-align: left; vertical-align: middle; width: 50%; padding-bottom: 9pt"><IMG SRC="image_002.jpg" ALT=""></TD><TD STYLE="padding-top: 9pt; text-align: center; width: 50%; padding-bottom: 9pt">&nbsp;<IMG SRC="image_003.jpg" ALT=""></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><I>6.</I></TD><TD STYLE="text-align: justify"><I>The Share Repurchase Plan may not have the effect of reducing Millicom's net assets and reserves under
the limit required by the Luxembourg Commercial Companies Law or the Articles of Association of the Company.</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.15pt"></TD><TD STYLE="width: 17.85pt"><I>7.</I></TD><TD STYLE="text-align: justify"><I>Only fully paid-up Shares may be included in repurchase transactions made under the Share Repurchase
Plan.</I></TD></TR></TABLE>

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

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><I>The primary purposes of this
resolution are to provide the Board with more options in its efforts to deliver long-term shareholder value and total shareholder return,
and to provide a method to secure availability of Shares for Board remuneration and Millicom&rsquo;s share-based incentive plans. </I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060"><I>The Board is hereby authorized to:</I></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #002060; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><I>(i)</I></TD><TD STYLE="text-align: justify"><I>transfer all or part of the Shares repurchased under the
Share Repurchase Plan to employees of the Millicom Group in connection with any existing or future Millicom share-based incentive plans,</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #002060; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><I>(ii)</I></TD><TD STYLE="text-align: justify"><I>use the purchased Shares to meet obligations arising from
debt financial instruments exchangeable into equity instruments,</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #002060; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><I>(iii)</I></TD><TD STYLE="text-align: justify"><I>use the repurchased Shares as consideration for merger
and acquisition purposes, including joint ventures and the buy-out of minority interests in Millicom&rsquo;s subsidiaries or joint ventures,
as the case may be, in accordance with the limits set out in the Luxembourg Commercial Companies Law,</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #002060; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><I>(iv)</I></TD><TD><I>cancel the repurchased Shares and Shares held in treasury
from Shares repurchased under previous Share repurchase plans, and</I></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #002060; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><I>(v)</I></TD><TD><I>any other purpose not expressly prohibited by applicable
law.</I></TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><I>All powers are hereby granted
to the Board, with the power to delegate and substitute, to ensure the implementation of this authorization, conclude all agreements,
carry out all formalities and make all declarations with regard to all authorities and, generally, do all that is necessary or proper
for the execution of any decisions made in connection with this authorization.</I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: -0.25pt; color: #002060"><I>The Share
Repurchase Plan supersedes and replaces all other previous share repurchase plans of Millicom, which are deemed cancelled. </I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: -0.25pt; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>AGM &ndash; item 21: 2021 REMUNERATION
REPORT</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The Board proposes that the AGM
provides an advisory vote on Millicom&rsquo;s remuneration report for the financial year ended on December 31, 2021 (the &ldquo;<B>2021
Remuneration Report</B>&rdquo;), pursuant to Article 7<I>ter</I>. of the Luxembourg law of 24 May 2011 on the exercise of certain rights
of shareholders at general meetings of listed companies, as amended. The Nomination Committee will consider this advisory vote when reviewing
the Director Remuneration Policy, and the Board will consider this advisory vote when reviewing the Senior Management Remuneration Policy
in the future.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #002060">The 2021 Remuneration
Report is available on Millicom&rsquo;s website: </FONT><U>https://www.millicom.com/our-company/governance/shareholder-meetings/</U>.</P>

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


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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>AGM &ndash; item 22: SENIOR
MANAGEMENT REMUNERATION POLICY</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The Board proposes that the AGM
resolves on the following guidelines and policy for remuneration and other employment terms for the senior management for the period up
to the 2023 AGM.</P>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Competitive and fair</B> &ndash; Levels of pay and benefits to attract and retain the right people.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Drive the right behaviors </B>&ndash; Reward policy and practices that drive behaviors supporting our
Company strategy and business objectives.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Shareholder alignment</B> &ndash; Variable compensation plans that support a culture of entrepreneurship
and performance and incorporate both short-term and longer-term financial and operational metrics strongly correlated to the creation
of shareholder wealth. Long-term incentives are designed to maintain sustained commitment and ensure that the interests of our Global
Senior Management Team are aligned with those of our shareholders.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Pay for performance</B> &ndash; Total reward structured around pay in line with performance, providing
the opportunity to reward strong corporate and individual performance. A significant proportion of top management's compensation is variable
(at risk) and based on measures of personal and Company performance directly attributable to short-term and long-term value creation.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Transparency </B>&ndash; Millicom is committed to expanding transparency, including disclosure around
pay for performance, links to value creation, etc. We are also investing in HR information systems to facilitate measurement and internal
communications related to incentive composition, including performance metrics, pay equity, goal setting and pay-for-performance relationships.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Market competitive and representative remuneration</B> &ndash; Compensation is designed to be market
competitive and representative of the seniority and importance of roles, responsibilities and geographical locations of individuals (with
the majority of the Global Senior Management Team roles located in the U.S.)</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Retention of key talent</B> &ndash; Variable compensation plans include a significant portion of share-based
compensation, the payout of which is conditional on future employment with the Company for three-year rolling periods, starting on the
grant date.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Executive management to be &lsquo;invested&rsquo; </B>&ndash; The Global Senior Management Team, through
Millicom&rsquo;s share ownership guidelines, is required to reach and maintain a significant level of personal ownership of Millicom shares.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>Objectives of senior management
compensation:</B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Fixed salary and benefits</B>: to ensure that Millicom can attract, motivate and retain senior management,
within the context of Millicom&rsquo;s international talent pool, which consists of Telecommunications, Media &amp; Fast-Moving Consumer
Goods (&ldquo;<B>FMCG</B>&rdquo;) companies.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Short Term Incentives (&ldquo;STI&rdquo;)</B>: to incentivize senior management to execute strategic
plans in operational decision making to achieve short-term performance goals impacting performance and enhancing the value of the Company.
In general, 30% of the STI is based on individual performance, and the remaining 70% based on achievement of financial targets, as well
as operational targets.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Long Term Incentives (&ldquo;LTI&rdquo;)</B>: to align senior management long-term incentives with
the long-term interests of shareholders, encouraging long-term value creation, retention and management focus on long-term value and commitment
to the Company. LTI payouts are in share units and based on company cumulative aggregate cash flow, and revenue targets approved by the
Compensation Committee and the Board, as well as to shareholder return. Millicom emphasizes the &ldquo;one team&rdquo; mentality &ndash;
by maintaining unified goals and objectives in the long-term incentive program for the executive leadership team with the purpose of driving
the successful achievement of three-year performance goals designed to enhance long-term value of the Company.</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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<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: #002060"><B>Benchmarking of Executive Management
Compensation: </B>For the Chief Executive Officer (&ldquo;<B>CEO</B>&rdquo;) and Executive Vice Presidents (&ldquo;<B>EVPs</B>&rdquo;),
compensation is benchmarked against a peer group, which includes PayPal Holdings Inc., Lumen Technologies Inc., Dish Network Corp., Altice
USA, Inc., American Tower Corp., Sirius XM Holdings Inc., United Stated Cellular Corp., Liberty Latin America Ltd., AMC Networds Inc.,
SBA Communications Corp., Cable One Inc., and WideOpenWest Inc.</P>

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

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

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Base annual salaries shall be competitive
and based on individual responsibilities and performance. The base salary and other benefits of the CEO are proposed by the Compensation
Committee and approved by the Board, and the base salary and benefits of direct reports to the CEO (i.e., EVPs) are proposed by the CEO
and approved by the Compensation Committee.</P>

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

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

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The amounts and percentages for
variable remuneration are based on pre-established goals and targets related to the performance of both Millicom and individual employees,
as summarized below and presented in detail in item 23.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>(a)</B></TD><TD><B>Short-term Incentives (STI)</B></TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The STI consists of two components:
a cash bonus and a restricted share units-based component (the Deferred Share Plan, or &ldquo;<B>DSP</B>&rdquo;). For certain Millicom
operations, the deferred share component is calculated as deferred cash.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">STI performance measures are aligned
with Millicom&rsquo;s strategy to expand broadband, to monetize mobile data, drive convergence, accelerate B2B, go digital and provide
the best customer service and experience. These measures, and relative weightings (shown below) are designed to reflect Millicom&rsquo;s
strategic goals of encouraging profitable operations, efficient use of capital, overall growth and customer focus:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify">Service Revenue (20%),</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">Earnings Before Interest, Tax, Depreciation and Amortization (&ldquo;<B>EBITDA</B>&rdquo;) (20%),</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify">Operating Free Cash Flow after Leases* (&ldquo;<B>OFCFal</B>&rdquo;) (20%),</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(iv)</TD><TD STYLE="text-align: justify">Relational Net Promoter Score (&ldquo;<B>rNPS&rdquo;</B>) (10%), and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(v)</TD><TD STYLE="text-align: justify">Personal Performance** (30%).</TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">* EBITDA less CAPEX (OCF), less
changes in working capital and other non-cash items and taxes paid (OFCF), less lease capital and interest repayments.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">** Personal Performance is assessed
on achievement of personalized qualitative and quantitative goals aligned to the overall strategy and objectives of the Company.</P>

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

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

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><U>Modifications compared to the
2021 STI</U></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">For the 2022 STI, we move to relational
NPS, as it measures how customers feel about the company/brand as a whole, providing a bigger picture of the overall customer relationship,
relative to the competition.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">We have also introduced a gateway
metric to focus our attention to the cyber security threats. If the gateway is not reached there will be no payout on the Personal Performance
component.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Eligibility for participation in
the DSP component of the STI is limited to members of Millicom&rsquo;s Global Senior Management, which comprises the CEO, the EVPs, Corporate
Vice Presidents (&ldquo;<B>VPs</B>&rdquo;), and Country General Managers (&ldquo;<B>GMs</B>&rdquo;), plus Corporate Directors, and Country-based
Directors reporting directly to Country General Managers (&ldquo;<B>GM-1&rdquo;</B>). Additionally, employees designated as being &ldquo;key
talents&rdquo; or having &ldquo;critical skills&rdquo; may be nominated to participate in the DSP (the &ldquo;<B>DSP Participants</B>&rdquo;).
Currently, 309 individuals are included in this group. Other employees participate in the STI and are eligible to receive a cash bonus,
but do not participate in the DSP.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><U>2022 DSP (based on 2021 performance)</U></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Information on the 2022 DSP, including
performance measures and payout scales (based on performance in 2021), and the number of share awards to be granted, are described in
agenda item 23 below.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><U>2023 DSP (based on 2022 performance)</U></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Millicom has maintained the same
overall design for the 2023 DSP (while a portion of the LTI opportunity has been moved into the DSP, as described below). The 2023 DSP
share awards will vest (subject to the participant still being employed by Millicom) 30% in Q1 2024, 30% in Q1 2025 and 40% in Q1 2026.
The 2023 DSP will be presented for approval at the 2023 AGM, once all final details, including maximum number of share awards to be granted,
are known.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>(b)</B></TD><TD><B>Long-term Incentive Plan (&ldquo;LTI&rdquo;) </B></TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060">The LTI is a performance-based share plan (&ldquo;<B>PSP</B>&rdquo;)
whereby share awards granted fully vest at the end of a three-year period, subject to achievement against performance measures and fulfillment
of conditions. These measures, and their relative weightings, are shown below:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt">(i)</TD><TD>Service Revenue, with a specific 3-year target (30%),</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt">(ii)</TD><TD>Operating cash flow after leases (&ldquo;<B>OCFaL</B>&rdquo;), with a specific 3-year target (50%), and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt">(iii)</TD><TD>Relative Total Shareholder Return (&ldquo;TSR&rdquo;) vis-a-vis a peer group of companies (20%)</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: #002060">For certain Millicom operations, this award is calculated
as deferred cash, and the components are OCFaL (50%) and Service Revenue (50%).</P>

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

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="4" CELLSPACING="0" STYLE="font: 24pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"><TR STYLE="background-color: rgb(12,15,57); vertical-align: top; text-align: left"><TD STYLE="padding-top: 9pt; padding-left: 0.375in; text-align: left; vertical-align: middle; width: 50%; padding-bottom: 9pt"><IMG SRC="image_002.jpg" ALT=""></TD><TD STYLE="padding-top: 9pt; text-align: center; width: 50%; padding-bottom: 9pt">&nbsp;<IMG SRC="image_003.jpg" ALT=""></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">2022 PSP share awards are granted
in Q1 of 2022 and will vest, subject to achievement of the performance conditions, at the end of the three-year period ending on December
31, 2024.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><U>Modifications compared to the
2021 LTI</U></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060">We have removed the Restricted Share Units (&ldquo;<B>RSU</B>&rdquo;)
component from the LTI, thus reducing the LTI opportunity for 2022, and made a corresponding increase in the DSP and redistributed the
weight for the remaining components of the LTI. The result for the CEO is to have 100% of the CEO&rsquo;s total incentive target tied
to performance while not increasing the total variable pay target:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-left: 4pt; width: 34%; border: Black 1pt solid; font-size: 10pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; width: 33%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt; color: #002060"><B>2021</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; width: 33%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt; color: #002060"><B>2022</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-left: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt; color: #002060">STI Cash target</FONT></TD>
    <TD STYLE="padding-top: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt; color: #002060">100%</FONT></TD>
    <TD STYLE="padding-top: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt; color: #002060">100%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-left: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt; color: #002060">STI DSP target</FONT></TD>
    <TD STYLE="padding-top: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt; color: #002060">100%</FONT></TD>
    <TD STYLE="padding-top: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt; color: #002060">265%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-left: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt; color: #002060">LTI performance target</FONT></TD>
    <TD STYLE="padding-top: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt; color: #002060">312%</FONT></TD>
    <TD STYLE="padding-top: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt; color: #002060">315%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-left: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt; color: #002060">LTI time vested RSU target</FONT></TD>
    <TD STYLE="padding-top: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt; color: #002060">168%</FONT></TD>
    <TD STYLE="padding-top: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt; color: #002060">0%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-left: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt; color: #002060"><B>Total</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt; color: #002060"><B>680%</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font-size: 10pt; color: #002060"><B>680%</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Eligibility for participation in
the LTI is limited to members of Millicom&rsquo;s Global Senior Management Team (GSMT), which is defined by Millicom&rsquo;s internal
role grading structure and consists of the CEO, EVPs, VPs and GMs. Currently, 41 individuals are included in this group.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><U>2022 PSP (based on 2022-2024
performance)</U></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Information on the 2022 PSP, including
performance measures and payout scales (based on performance from 2022 to 2024), and the number of share awards to be granted, is included
in agenda item 23 below.</P>

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

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

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

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

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The Global Senior Management Team
is eligible to participate in a global retirement saving plan which also covers death and disability insurance.&nbsp;This global plan
is secured through premiums paid to insurance companies. Company contributions to the global defined contribution retirement saving plan
range between 10% - 15% of the executive&rsquo;s base pay.</P>

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

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

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

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

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

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

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    <!-- Field: /Page -->

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The Board regularly reviews best
practices in executive compensation and governance and revises policies and practices when appropriate.</P>

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

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

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Where such deviation relates to
the CEO&rsquo;s remuneration, the Board may temporarily deviate from the above policy and guidelines until the 2023 AGM to ensure the
long-term interests and continuity of Millicom or guaranty its viability.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The Board has retained Mercer as
its independent compensation consultant. Mercer provides advice, executive benchmarking data and best practices and makes suggestions
based on its knowledge of the market.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060"><B>AGM &ndash;
item 23: SHARE-BASED INCENTIVE PLANS </B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">As outlined in
the proposed guidelines and policy for senior management remuneration in agenda item 22 above (and the corresponding guidelines approved
at the 2021 AGM), variable compensation includes the following share-based incentive plans:</P>

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

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

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">There is no requirement
under Swedish law for Millicom (as a Luxembourg company) to obtain shareholder approval of share-based incentive plans. Nonetheless, following
past practice and in alignment with the expectations of Millicom&rsquo;s shareholders, the Board proposes that the meeting resolves to
approve the 2022 DSP, the 2022 PSP and the granting of share awards under both plans, as further described below.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">The Compensation
Committee of the Board monitors and evaluates programs for variable remuneration (both ongoing programs and those that have ended during
the year), the manner in which the guidelines for remuneration to senior management adopted at the Annual General Meeting have been applied,
and the current remuneration structure and levels of remuneration in Millicom. The design of each share-based plan is reviewed each year
to ensure that:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The programs are well aligned with the interest
of shareholders;</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The programs are designed to help attract, motivate
and retain the competencies needed in Millicom&rsquo;s senior management; and</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The programs have a positive effect on Millicom&rsquo;s
development and thus are beneficial for both Millicom and its shareholders.</FONT></TD></TR></TABLE>

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

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

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<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; text-indent: 0in; color: #002060">The Compensation
Committee determines when an offer for the grant of share awards shall be made, the eligible employees to whom such offer shall be made
and the terms governing the offer for the grant of share awards, in accordance with the principles adopted by the AGM. The Compensation
Committee shall also have the right to resolve on more detailed terms and conditions in accordance with the Senior Management Remuneration
Policy.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">The Board may
make certain other adjustments, including deciding to reduce the delivery of shares for all participants, or for certain categories of
participants covered by the 2022 PSP and 2022 DSP, if material changes occur within Millicom or in the market that, in the Board's assessment,
mean that the terms and conditions for the allotment of shares under the plans no longer fulfil the main objectives of the plans.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">Millicom's Compensation
Committee has prepared the 2022 DSP and the 2022 PSP in consultation with external advisors. The plans have been reviewed at meetings
of the Compensation Committee in 2021 and in the first months of 2022.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060"><B>(i) Proposed
2022 DSP (based on 2021 performance) </B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The proposed 2022 DSP is based
on a target percentage of the annual base salary of each participant and the performance related to the 2021 financial year. Each share
unit granted carries a non-transferable right to receive one share in Millicom on the relevant vesting date. Eligibility for participation
in the 2022 DSP is described in item 22.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">STI compensation is calculated
as Base Salary X a pre-determined % of base salary X plan performance.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Performance is measured on the
extent to which performance targets (group, regional, or country level as applicable to each individual) are achieved, as follows:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 88%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; width: 78%; border: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060"><B>Performance measure</B></FONT></TD>
    <TD STYLE="padding: 2pt 3pt; width: 22%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060"><B>% of the DSP</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Service revenue (SR)</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">20%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">EBITDA (earnings before interest, tax, depreciation and amortization)</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">20%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">OFCFaL (Operating Free Cash Flow after Leases)</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">20%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">tNPS (transactional net promoter score)</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">10%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Personal performance</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">30%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"></P>

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

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="4" CELLSPACING="0" STYLE="font: 24pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"><TR STYLE="background-color: rgb(12,15,57); vertical-align: top; text-align: left"><TD STYLE="padding-top: 9pt; padding-left: 0.375in; text-align: left; vertical-align: middle; width: 50%; padding-bottom: 9pt"><IMG SRC="image_002.jpg" ALT=""></TD><TD STYLE="padding-top: 9pt; text-align: center; width: 50%; padding-bottom: 9pt">&nbsp;<IMG SRC="image_003.jpg" ALT=""></TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Payout is based on a linear scale
with minimum, target and maximum achievement of performance measures (except personal performance) as follows:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 88%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; width: 78%; border: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060"><B>Achievement</B></FONT></TD>
    <TD STYLE="padding: 2pt 3pt; width: 22%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060"><B>Payout</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Achievement less than 95% of target</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">0%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Achievement at 100% of target</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">100%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Achievement at or above 104% SR, 106% EBITDA&nbsp;&nbsp;107% OFCFaL and 1110% tNPSof target </FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">200%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Personal performance is based on
the rating scale below, whereby employees rated &ldquo;does not meet&rdquo; do not receive any STI compensation, and employees rated &lsquo;partially
meets&rsquo; are not eligible to participate in the 2022 DSP.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 88%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; width: 18%; border: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060"><B>Performance rating</B></FONT></TD>
    <TD STYLE="padding: 2pt 3pt; width: 15%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Does not meet</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; width: 24%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Partially meets</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; width: 13%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Meets</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Exceeds</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; width: 16%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Exceptionally Exceeds</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060"><B>Payout</B></FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">0%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">15% on cash component.</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">0% on share component.</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"></P></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">30%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">45%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">60%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">If the AGM approves the 2022 DSP,
and thereby the granting of share awards to the DSP Participants, the STI is paid 50% in cash and 50% in DSP shares. For employees not
participating in the DSP, or to the extent that the DSP is not approved by the AGM, the STI (including the portion that would have been
provided as shares) will be a cash bonus. The share awards will vest (generally subject to the participant still being employed by Millicom)
30% in Q1 2023, 30% in Q1 2024 and 40% in Q1 2025.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">884,311 share units were granted,
conditional on AGM approval as per the above, under the DSP plan in Q1 2022, representing approximately 0.9% of the outstanding shares
and outstanding votes.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>(ii) Proposed 2022 PSP</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The proposed 2022 PSP represents
100% of the 2022 LTI and rewards PSP Participants based on performance measures achieved between 2022 and 2024. Each share unit granted
as part of the 2022 PSP, carries a non-transferable right to receive one share in Millicom on the relevant vesting date. Eligibility for
participation in the 2022 PSP is described in item 22.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The number of PSP share units per
participant is based on seniority and ranges from 35% to 315% at target (for the CEO) of base annual salary (as of January 1, 2022) as
follows:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 88%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; width: 78%; border: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060"><B>Seniority</B></FONT></TD>
    <TD STYLE="padding: 2pt 3pt; width: 22%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060"><B>% of base annual salary (range)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Country General Managers and Corporate Vice Presidents</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">35%-70%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">CEO and Executive Management Team</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">85%-315%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

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

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    <!-- Field: /Page -->

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Each PSP share unit will vest as
one Millicom share, subject to the achievement of the following performance measures:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 88%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; width: 78%; border: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060"><B>Performance measure</B></FONT></TD>
    <TD STYLE="padding: 2pt 3pt; width: 22%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060"><B>% of the PSP</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">OCFaL, with a specific 3-year target from 2022 to 2024</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">50%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Service Revenue, with a specific 3-year target from 2022 to 2024</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">30%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Relative Total Shareholder Return (&ldquo;TSR&rdquo;) vis-a-vis a peer group* of companies over the period from January 1, 2022 to December 31, 2024</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">20%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; width: 28%; border: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060"><B>OCFaL and Service Revenue achievement</B></FONT></TD>
    <TD STYLE="padding: 2pt 3pt; width: 9%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">&lt;80%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; width: 9%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">90%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; width: 9%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">95%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; width: 9%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">100%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; width: 9%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">105%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; width: 9%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">110%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; width: 9%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">115%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; width: 9%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">120%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060"><B>Payout</B></FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">0%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">50%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">75%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">100%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">125%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">150%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">175%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">200%</FONT></TD></TR>
  </TABLE>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 88%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; width: 28%; border: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060"><B>Relative TSR (median)</B></FONT></TD>
    <TD STYLE="padding: 2pt 3pt; width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">&lt;100%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">100%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">105%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">110%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">115%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">120%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060"><B>Payout</B></FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">0%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">100%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">125%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">150%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">175%</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">200%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

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

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The share awards vest after a three-year
vesting period, in Q1 2025, subject to achievement of performance measures and the participant being employed by Millicom at the time
of vesting.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">A maximum of 618,516 share units
are granted under the PSP plan representing approximately 0.6% of the outstanding shares and 0.6% of the outstanding votes.</P>

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

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

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

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 55%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; width: 58%; border: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060"><B>Seniority</B></FONT></TD>
    <TD STYLE="padding: 2pt 3pt; width: 42%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060"><B>% of base annual salary</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">CEO</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">400%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">CFO and Senior EVPs </FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">200%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">EVPs</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">100%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-size: 10pt; color: #002060">Other participants</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">50%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060"><BR STYLE="clear: both">
</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: #002060"><B>Accounting, cost and maximum
number of shares</B></P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><U>(i) 2022 DSP</U></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">No expense is recognized for DSP
share awards that do not ultimately vest. Vesting of the shares is not dependent on market conditions. The number of shares that may vest,
approximate cost and percentage of outstanding shares (based on a share price of USD&nbsp;23.94) are as follows:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 88%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding: 2pt 3pt; width: 19%; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding: 2pt 3pt; width: 15%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt; color: #002060">Shares that may vest</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding: 2pt 3pt; width: 21%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt; color: #002060">Approximate cumulative three-year cost (SEK)</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding: 2pt 3pt; width: 26%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt; color: #002060">Approximate cumulative three-year cost (USD)</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding: 2pt 3pt; width: 19%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt; color: #002060">% of outstanding shares</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">At Maximum</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">884,311</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">196 million</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">20.4 million</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">0.90%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Information on performance of the
2022 STI and on the 2023 DSP grant will be presented in Millicom&rsquo;s 2022 Annual Report.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><U>(ii) 2022 PSP</U></P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The cost of the 2022 PSP is allocated
over the vesting period and is calculated in two distinct components as follows:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1)</TD><TD STYLE="text-align: justify">As the TSR measure is based on market conditions, the fair value of the share units in the PSP requires
adjustment for future market-based conditions. For this, a specific valuation was performed on the grant date based on the probability
of the TSR conditions being met (including the extent to which they are expected to be met) and the expected payout based upon leaving
conditions.</TD></TR></TABLE>

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

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

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    <!-- Field: /Page -->

<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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">2)</TD><TD STYLE="text-align: justify">The Service Revenue and OCFaL performance components are non-market measures which are considered together
with a leaving (forfeiture) estimate and based initially on a target fulfilment expectation.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The number of shares that may vest,
approximate cost and percentage of outstanding shares (based on a share price of USD23.94) are as follows:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 88%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; border: Black 1pt solid; width: 19%; text-align: left">&nbsp;</TD>
    <TD STYLE="padding: 2pt 3pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 15%; text-align: left"><FONT STYLE="font-size: 10pt; color: #002060">Shares that may vest</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 21%; text-align: left"><FONT STYLE="font-size: 10pt; color: #002060">Approximate cumulative three-year cost (SEK)</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 26%; text-align: left"><FONT STYLE="font-size: 10pt; color: #002060">Approximate cumulative three-year cost (USD)</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 19%; text-align: left"><FONT STYLE="font-size: 10pt; color: #002060">% of outstanding shares</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">At Target</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">309,258</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: #002060">74 million</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: #002060">7.7 million</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: #002060">0.3%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">At Maximum</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">618,516 </FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: #002060">149 million</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: #002060">15.4 million</FONT></TD>
    <TD STYLE="padding: 2pt 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: #002060">0.6%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The reference share price related
to the market conditions for the PSP is USD 32.46. The reference price for the non-market measure is USD 23.09.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Information about the performance
results and the outcome of the 2022 PSP will be presented in Millicom&rsquo;s 2024 Annual Report.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The undertaking to deliver shares
to the participants in the 2022 DSP and 2022 PSP will be fulfilled either by Millicom transferring its own treasury shares or, if required,
by acquiring and transferring shares or issuing new shares.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: rgb(0,32,96)"><B>Information regarding other
incentive programs in Millicom</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060">Please refer to the 2021 Annual Report and the Company's
website www.millicom.com, for further information regarding all Millicom's on-going share or share price-related incentive programs.</P>

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="color: rgb(0,32,96); border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt"><B>Board of Directors&#9;</B></FONT></TD>
  <TD STYLE="text-align: right; width: 50%"><FONT STYLE="font-size: 10pt; color: #002060"><B>March 17, 2022</B></FONT><FONT STYLE="font-size: 10pt">&#9;</FONT></TD></TR>
</TABLE>

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

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

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

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

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


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

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

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  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; width: 100%; border-top: #8EAADB 1pt solid; border-right: #8EAADB 1pt solid; border-bottom: #8EAADB 1.5pt solid; border-left: #8EAADB 1pt solid">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0"><FONT STYLE="font-size: 10pt; color: #1F4E79"><B>AGM Inquiries</B></FONT><B><FONT STYLE="font-size: 11pt; color: #002060">:</FONT></B><B><FONT STYLE="color: #002060"><BR>
    </FONT></B><FONT STYLE="font-size: 10pt; color: #1F4E79">Patrick Gill, Company Secretary</FONT></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0"></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #1F4E79">+352 27 759 603</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #1F4E79"></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #1F4E79">Maria Florencia Maiori, Senior Legal Counsel</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #1F4E79"></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #1F4E79">information@millicom.com</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #1F4E79"></P></TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>&nbsp;</B></P>

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  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3pt; width: 49%; border-top: #8EAADB 1pt solid; border-right: #8EAADB 1pt solid; border-bottom: #8EAADB 1.5pt solid; border-left: #8EAADB 1pt solid">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0; color: #1F4E79"><B>Press:<BR>
</B>Yocasta Valdez, Group Manager Digital Media &amp; Communications</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #1F4E79"><FONT STYLE="font-weight: normal">+1-305-929-5417</FONT></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #1F4E79"><FONT STYLE="font-weight: normal">press@millicom.com</FONT></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #1F4E79">&nbsp;</P></TD>
    <TD STYLE="padding: 2pt 3pt; width: 51%; border-top: #8EAADB 1pt solid; border-right: #8EAADB 1pt solid; border-bottom: #8EAADB 1.5pt solid">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #1F4E79"><B>Investors: </B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #1F4E79"></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0; color: #1F4E79">Michel Morin, VP Investor Relations<BR>
    +1 786-628-5270</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0; color: #1F4E79">investors@millicom.com</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0; color: #1F4E79">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0"><FONT STYLE="color: #1F4E79">Sarah Inmon, Director Investor
    Relations </FONT><FONT STYLE="color: #2F5496"><B><BR>
    </B></FONT><FONT STYLE="color: #1F4E79">+1 786-628-5303 </FONT><FONT STYLE="font-weight: normal; color: #2F5496"></FONT></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0"><FONT STYLE="font-weight: normal; color: #2F5496">investors@millicom.c</FONT><FONT STYLE="font-weight: normal; color: #1F4E79">om</FONT></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0"></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>&nbsp;</B></P>

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

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

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #767171"><FONT STYLE="font-size: 10pt">Millicom
(NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of fixed and mobile telecommunications services dedicated to emerging
markets in Latin America and Africa. Through our TIGO&reg; and Tigo Business&reg; brands, we provide a wide range of digital services
and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed
data, voice, and business-to-business solutions such as cloud and security. As of December 31, 2021, Millicom employed approximately
21,000 people and provided mobile services through its digital highways to around 58 million customers, with a fiber-cable footprint
of more than 12 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg. For more
information, visit: millicom.com. Connect with Millicom on Twitter, Instagram, Facebook and LinkedIn.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #767171"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>MILLICOM INTERNATIONAL
CELLULAR S.A.</B></FONT></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-size: 10pt">&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;&nbsp;&nbsp;&nbsp;&nbsp;(Registrant)</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Salvador Escalon</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 53%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 6%"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="width: 30%"><FONT STYLE="font-size: 10pt">Salvador Escalon</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Executive Vice President, General Counsel</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">Date: March 17, 2022</FONT></P>

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

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

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