<SEC-DOCUMENT>0000950103-22-008960.txt : 20220523
<SEC-HEADER>0000950103-22-008960.hdr.sgml : 20220523
<ACCEPTANCE-DATETIME>20220523062008
ACCESSION NUMBER:		0000950103-22-008960
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20220523
FILED AS OF DATE:		20220523
DATE AS OF CHANGE:		20220523

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:		22949539

	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>dp173541_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: 12pt 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"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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

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

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

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

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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%; text-align: center"><FONT STYLE="font-size: 10pt">Form 20-F</FONT></TD>
    <TD STYLE="width: 20%; text-align: center"><FONT STYLE="font-family: Wingdings; font-size: 10pt">x </FONT></TD>
    <TD STYLE="width: 20%; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 20%; text-align: center"><FONT STYLE="font-size: 10pt">Form 40-F </FONT></TD>
    <TD STYLE="width: 20%; text-align: center"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&uml;</FONT></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: 50%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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    <TD STYLE="width: 20%; text-align: center"><FONT STYLE="font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="width: 20%; text-align: center"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&uml;</FONT></TD>
    <TD STYLE="width: 20%; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 20%; text-align: center"><FONT STYLE="font-size: 10pt">No</FONT></TD>
    <TD STYLE="width: 20%; text-align: center"><FONT STYLE="font-family: Wingdings; font-size: 10pt">x</FONT></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: 50%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%; text-align: center"><FONT STYLE="font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="width: 20%; text-align: center"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&uml;</FONT></TD>
    <TD STYLE="width: 20%; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 20%; text-align: center"><FONT STYLE="font-size: 10pt">No</FONT></TD>
    <TD STYLE="width: 20%; text-align: center"><FONT STYLE="font-family: Wingdings; font-size: 10pt">x</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"></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>

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<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>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT></TD><TD>Letter
to Owners in Millicom</TD></TR></TABLE>
<p>
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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notice on the Offering of Common Shares (<I>Actions</I>) of the Company, Including Common Shares Represented
by Swedish Depository Receipts</FONT></TD></TR></TABLE>
<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"></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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<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: right"><FONT STYLE="font-size: 10pt"><B>Item 1</B></FONT></P>

<P STYLE="font: 22pt Times New Roman, Times, Serif; margin: 0pt 20.6pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="background-color: rgb(0,24,62); border-collapse: collapse; font: 22pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="padding-left: 0.5in; font-size: 18pt; text-align: left; width: 50%; vertical-align: middle"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 20pt; color: rgb(144,240,249)"><B>CEO
  LETTER</B></FONT></TD>
  <TD STYLE="text-align: right; width: 50%">&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD></TR>
</TABLE>

<P STYLE="font: 22pt Times New Roman, Times, Serif; margin: 0pt 20.6pt 0pt 6pt; text-align: justify; color: #365F91"></P>

<P STYLE="font: 22pt Times New Roman, Times, Serif; margin: 0pt 20.6pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: 22pt Times New Roman, Times, Serif; margin: 0pt 20.6pt 0pt 6pt; text-align: justify; color: #365F91"><B>Dear owner in
Millicom,</B></P>

<P STYLE="font: 22pt Times New Roman, Times, Serif; margin: 0pt 20.6pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: center; color: #365F91"><B>7 for 10
Rights Offer at SEK 106.00 per new SDR or USD 10.61 per new Share</B></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: center; color: #365F91">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #365F91"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6pt"></TD><TD STYLE="width: 18pt"><B>1.</B></TD><TD STYLE="text-align: justify; padding-right: 5.8pt"><B>Introduction:</B></TD></TR></TABLE>

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">On November
12, 2021, Millicom announced the acquisition of the remaining 45% equity stake in our joint venture business in Guatemala (&ldquo;Tigo
Guatemala&rdquo;) for USD 2.2 billion in cash. With this transaction, we now own a 100% equity interest in Tigo Guatemala and have consolidated
our position as the leading telecommunication service provider in Central America. At the time of the acquisition, the funding was provided
by a group of leading international banks. The bridge funding was intended to be refinanced with approximately USD 1.5 billion of new
long-term debt and approximately USD 750 million of new equity, which Millicom is now seeking to raise via a rights offering (the &ldquo;Rights
Offer&rdquo;).</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">The purpose
of this letter is to explain the rationale for launching the Rights Offer and why the Board of Directors and the executive management
team<SUP>1</SUP> believe this is in the best interests of Millicom equity holders. The letter also provides details of how you can participate
in the Rights Offer.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">Under the terms
of the Rights Offer, Millicom is offering seven new Swedish Depository Receipts (&ldquo;SDRs&rdquo;) for every ten SDR rights owned at
a subscription price of SEK 106.00 per new SDR, and seven new common shares for every ten common share rights owned at a subscription
price of USD 10.61 per common share. As a part of the Rights Offer, equity holders of record on May 23, 2022 will receive preferential
subscription rights. If you hold SDRs, please refer to the last page in this letter for a description of how to proceed in order to exercise
your SDR rights.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #365F91"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6pt"></TD><TD STYLE="width: 18pt"><B>2.</B></TD><TD STYLE="text-align: justify; padding-right: 5.8pt"><B>Reasons for the acquisition of Tigo Guatemala:</B></TD></TR></TABLE>

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">Tigo Guatemala
is the most profitable business within the Millicom Group, with an EBITDA<SUP>2</SUP> margin of 53.6% in 2021. The acquisition of the
remaining 45% equity interest was in line with our stated inorganic capital allocation strategy, which includes acquisitions of the remaining
minority interests owned by third parties in our operations, when we believe those transactions can be executed in an accretive manner.
In recent years, Tigo Guatemala has grown to become the biggest contributor to the Group&rsquo;s cash flow generation.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; color: #365F91; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; color: #365F91; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

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<P STYLE="font: italic 10pt Times New Roman, Times, Serif; color: #365F91; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="color: #365F91"><SUP>1</SUP></FONT></TD><TD><FONT STYLE="color: rgb(54,95,145)"><I>However, neither I, the executive
management team nor our Board of Directors (nor any committee thereof) has made any recommendation as to whether you should exercise
or transfer your rights. You should decide whether to transfer your rights, subscribe for new SDRs or common shares or take no action
with respect to your rights based on your own assessment of your best interests.</I></FONT></TD>
</TR></TABLE>

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

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="color: #365F91"><SUP>2</SUP></FONT></TD><TD><FONT STYLE="color: #365F91"><I>EBITDA and operating cash flow
(OCF), which are used throughout this letter, are Non-IFRS measures. Please refer to the end of this letter for non-IFRS disclosures
and a reconciliation of these measures to the nearest equivalent IFRS measures. EBITDA margin is EBITDA as a percentage of revenue.</I></FONT></TD>
</TR></TABLE>


<P STYLE="font: italic 10pt Times New Roman, Times, Serif; color: #365F91; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

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<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="padding-left: 0.5in; font-size: 18pt; text-align: left; vertical-align: middle; width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 20pt; color: rgb(144,240,249)"><B>CEO
  LETTER</B></FONT></TD>
  <TD STYLE="text-align: right; width: 50%">&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD></TR>
</TABLE>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">Over the last
five years, Tigo Guatemala has proven a strong growth track record with revenue growing at a compounded annual rate of over four percent
and EBITDA increasing at a compounded annual growth rate of over six percent. In addition, there has been a sustained growth through the
pandemic.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">The Guatemalan
market is an underpenetrated two-player mobile and fixed telecommunications market, where Tigo Guatemala is the number one market player
in Mobile and Broadband, and the second largest in Pay TV<SUP>3</SUP>. The Guatemalan economy as a whole has shown resiliency and was
one of the least impacted economies during the pandemic, and the currency, the Guatemala Quetzal, has been very stable compared to the
US dollar for the last 20 years.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">Finally, the
purchase price of the remaining 45% in Tigo Guatemala represented an attractive valuation given the high cash flow profile of the business.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #365F91"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6pt"></TD><TD STYLE="width: 18pt"><B>3.</B></TD><TD STYLE="text-align: justify; padding-right: 5.8pt"><B>Financial impact of the acquisition:</B></TD></TR></TABLE>

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">As a result
of the acquisition, Millicom fully consolidates Tigo Guatemala&rsquo;s results and balance sheet. In 2021, Tigo Guatemala&rsquo;s revenue
grew 6.5% to USD 1.6 billion, EBITDA rose 10.2% to USD 857 million and operating cash flow (&ldquo;OCF&rdquo;) increased 10.4% to USD
660 million.<SUP>4</SUP></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #365F91"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6pt"></TD><TD STYLE="width: 18pt"><B>4.</B></TD><TD STYLE="text-align: justify; padding-right: 5.8pt"><B>Shareholder intentions and Board and management indications:</B></TD></TR></TABLE>

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">Several of
our largest institutional shareholders have already informed us of their intentions to fully subscribe for their respective pro rata shares
in the Rights Offer. Additionally, I plan to exercise my rights in full, and all our directors and all members of our executive team have
indicated that they also plan to exercise their rights in full, except for one director and one member of the executive team who have
indicated that they plan to partially exercise their rights.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">I would like
to thank all our equity holders for your trust, and I hope that you will consider exercising your preferential subscription rights to
further strengthen Millicom and take part in our continued growth journey.<SUP>5</SUP></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91"><B>Mauricio
Ramos&nbsp;</B></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">CEO, Millicom</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; color: #365F91; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; color: #365F91; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; color: #365F91; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

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<P STYLE="font: italic 10pt Times New Roman, Times, Serif; color: #365F91; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="color: #365F91"><SUP>3</SUP></FONT></TD><TD><FONT STYLE="color: #365F91"><I>Pay TV consists
                                            of direct-to-home satellite TV and cable TV services.</I></FONT></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="color: #365F91"><SUP>4</SUP></FONT></TD><TD><FONT STYLE="color: #365F91"><I>EBITDA and
                                            OCF are Non-IFRS measures. Please refer to the end of this letter for non-IFRS disclosures
                                            and reconciliations of these measures to the nearest equivalent IFRS measures.</I></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #365F91"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="color: #365F91"><SUP>5</SUP></FONT></TD><TD><FONT STYLE="color: #365F91"><I>Neither
                                            we nor our board of directors (nor any committee thereof) has made any recommendation as
                                            to whether you should exercise or transfer your rights. You should decide whether to transfer
                                            your rights, subscribe for shares/SDRs, or simply take no action with respect to your rights
                                            based on your own assessment of your best interests.</I></FONT></TD>
</TR></TABLE>


<P STYLE="font: italic 10pt Times New Roman, Times, Serif; color: #365F91; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in">&nbsp;</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 22pt Times New Roman, Times, Serif; background-color: rgb(0,24,62); border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="padding-left: 0.5in; font-size: 18pt; text-align: left; vertical-align: middle; width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 20pt; color: rgb(144,240,249)"><B>CEO
  LETTER</B></FONT></TD>
  <TD STYLE="text-align: right; width: 50%">&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD></TR>
</TABLE>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 0; text-align: justify; text-indent: 6pt; color: #365F91"><B>&nbsp;</B></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 0; text-align: justify; text-indent: 6pt; color: #365F91"><B>Important
information:</B></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 0; text-align: justify; text-indent: 6pt; color: #365F91">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">This communication
is not an offer to sell or the solicitation of an offer to buy any securities, and neither we nor Millicom will offer or sell the securities
referred to herein in any jurisdiction in which such offer or sale would be unlawful.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">You were, as
of May 23, 2022, registered as an SDR holder or common shareholder in Millicom, and have received SDR/common share subscription rights
which give you a preferential right to subscribe for new SDRs/common shares in the Rights Offer. If you hold SDRs, please refer to the
last page for a description of how holders of SDR rights may proceed to subscribe for new SDRs. A prospectus prepared in accordance with
Prospectus Regulation (EU) 2017/1129 and approved by the Swedish Financial Supervisory Authority (the &ldquo;Swedish Prospectus&rdquo;)
with information regarding the Rights Offer and a detailed description of Millicom and Tigo Guatemala is now available for eligible investors
at www.nordea.se/prospekt and at www.millicom.com/investors. Only eligible investors may access the Swedish Prospectus and subscribe for
new SDRs.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">This
communication does not constitute a prospectus within the meaning of Regulation (EU) 2017/1129 (as amended, the &ldquo;Prospectus
Regulation&rdquo;) and does not constitute an offer to acquire securities. Any offer to acquire the securities in connection with
the Swedish offering will be made, and any investor should make their investment, solely on the basis of information that will be
contained in the prospectus to be made available in connection with the Swedish offering through Millicom&rsquo;s website, subject
to applicable jurisdictional restrictions.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.75pt; text-align: justify; color: #365F91"><B>Important information
for persons in the United States:</B></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.75pt; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">The
Rights Offer referred to in this communication may be made in the United States only by means of a prospectus meeting the
requirements of the Securities Act of 1933, as amended.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; color: #365F91">Millicom has filed a registration
statement (including a prospectus) with the Securities and Exchange Commission (&ldquo;SEC&rdquo;) on March 1, 2022 and a related prospectus
supplement on May 18, 2022 for the Rights Offer (the &ldquo;US Prospectus&rdquo;). Before you invest, you should read the prospectus in
that registration statement, the related prospectus supplement and the documents incorporated by reference in the prospectus and prospectus
supplement as well as the other documents Millicom has filed with the SEC for more complete information about Millicom and the Rights
Offer. In particular, you should read the section titled &ldquo;Risk Factors&rdquo; in the prospectus supplement and the information in
Item 1 of our Report on Form 6-K, filed with the SEC on May 10, 2022. You may get these documents for free by visiting EDGAR on the SEC&rsquo;s
website at www.sec.gov. Alternatively, Millicom&rsquo;s agent for the Rights Offer will arrange to send you the prospectus at no charge
if you request it by calling toll-free +1 (888) 789-8409.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; color: #365F91">&nbsp;</P>


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<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="padding-left: 0.5in; font-size: 18pt; text-align: left; vertical-align: middle; width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 20pt; color: rgb(144,240,249)"><B>CEO
  LETTER</B></FONT></TD>
  <TD STYLE="text-align: right; width: 50%">&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD></TR>
</TABLE>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91"><B>Important
dates:</B></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">May 27&ndash;June
13, 2022: New SDRs/common shares can be subscribed for. Payment for subscription of new SDRs must be received by Nordea<SUP>6</SUP> no
later than 15:00 CET on June 13, 2022. Payment for subscription of new common shares must be made no later than 5:00 p.m. New York City
time on June 13, 2022.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">June 8, 2022:
Last day of trading in SDR/common share subscription rights on Nasdaq Stockholm/Nasdaq US.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">June 17, 2022:
Announcement of the outcome of the Rights Offer.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">In order to
ensure that the SDR/common share subscription rights received do not become void and without value, the SDR holder/common shareholder
must either use the SDR/common share subscription rights by subscribing for new SDRs/common shares no later than June 13, 2022 or by selling
the SDR/common share subscription rights that the holder does not intend to use no later than June 8, 2022.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; color: #365F91; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; color: #365F91; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 15%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid"><FONT STYLE="color: #365F91">&nbsp;</FONT></DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; color: #365F91; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="color: #365F91"><SUP>6</SUP></FONT></TD><TD><FONT STYLE="color: #365F91"><I>Nordea Bank
                                            Abp, filial i Sverige is not registered as a broker or dealer in the United States and will
                                            not be engaging in direct communications relating to the Rights Offer to investors located
                                            within the United States (whether on a reverse-inquiry basis or otherwise).</I></FONT></TD>
</TR></TABLE>

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


<P STYLE="font: italic 10pt Times New Roman, Times, Serif; color: #365F91; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 22pt Times New Roman, Times, Serif; background-color: rgb(0,24,62); border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="padding-left: 0.5in; font-size: 18pt; text-align: left; vertical-align: middle; width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 20pt; color: rgb(144,240,249)"><B>CEO
  LETTER</B></FONT></TD>
  <TD STYLE="text-align: right; width: 50%">&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD></TR>
</TABLE>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91"><B>&nbsp;</B></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91"><B>Reconciliations
of Non-IFRS Measures:</B></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91"><FONT STYLE="font-style: normal">The
non-IFRS measures presented below are not measures permitted or required under IFRS, and these measures may not be comparable to similarly-titled
measures presented by other companies. These non-IFRS measures should not be considered a substitute for performance or liquidity measures
presented under IFRS. Investors are cautioned not to place undue reliance on these non-IFRS measures.</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91"><FONT STYLE="font-style: normal"><B>Guatemala
EBITDA (USD in millions)</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 6pt; white-space: nowrap; width: 73%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 9%; text-align: center"><FONT STYLE="color: #365F91"><B><U>2016</U></B></FONT></TD>
    <TD STYLE="width: 9%; text-align: center"><FONT STYLE="color: #365F91"><B><U>2020</U></B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 9%; text-align: center"><FONT STYLE="color: #365F91"><B><U>2021</U></B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 6pt; white-space: nowrap"><FONT STYLE="color: #365F91">Operating Profit</FONT></TD>
    <TD STYLE="white-space: nowrap; text-align: center"><FONT STYLE="color: #365F91">330</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: #365F91">451</FONT></TD>
    <TD STYLE="white-space: nowrap; text-align: center"><FONT STYLE="color: #365F91">530</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 6pt; white-space: nowrap"><FONT STYLE="color: #365F91">Add back:</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; padding-left: 0.25in"><FONT STYLE="color: #365F91">Depreciation and amortization</FONT></TD>
    <TD STYLE="white-space: nowrap; text-align: center"><FONT STYLE="color: #365F91">280</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: #365F91">323</FONT></TD>
    <TD STYLE="white-space: nowrap; text-align: center"><FONT STYLE="color: #365F91">326</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; padding-left: 0.25in"><FONT STYLE="color: #365F91">Share of profit in joint ventures</FONT></TD>
    <TD STYLE="white-space: nowrap; text-align: center"><FONT STYLE="color: #365F91">-</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: #365F91">-</FONT></TD>
    <TD STYLE="white-space: nowrap; text-align: center"><FONT STYLE="color: #365F91">-</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; padding-left: 0.25in"><FONT STYLE="color: #365F91">Other operating income</FONT></TD>
    <TD STYLE="white-space: nowrap; text-align: center"><FONT STYLE="color: #365F91">21</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: #365F91">3</FONT></TD>
    <TD STYLE="white-space: nowrap; text-align: center"><FONT STYLE="color: #365F91">1</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 6pt; white-space: nowrap"><FONT STYLE="color: #365F91"><B>EBITDA</B></FONT></TD>
    <TD STYLE="white-space: nowrap; text-align: center"><FONT STYLE="color: #365F91"><B>631</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: #365F91"><B>778</B></FONT></TD>
    <TD STYLE="white-space: nowrap; text-align: center"><FONT STYLE="color: #365F91"><B>857</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91"><FONT STYLE="font-style: normal"><B>&nbsp;</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91"><FONT STYLE="font-style: normal"><B>Guatemala
OCF (USD in millions)</B></FONT></P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; width: 73%">&nbsp;</TD>
    <TD STYLE="width: 9%; padding-left: 8.25pt; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 9%; padding-left: 8.25pt; text-align: center"><FONT STYLE="color: #365F91"><B><U>2020</U></B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 9%; padding-left: 8.25pt; text-align: center"><FONT STYLE="color: #365F91"><B><U>2021</U></B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; padding-left: 8.25pt"><FONT STYLE="color: #365F91">EBITDA</FONT></TD>
    <TD STYLE="padding-left: 8.25pt; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-left: 8.25pt; text-align: center"><FONT STYLE="color: #365F91">778</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-left: 8.25pt; text-align: center"><FONT STYLE="color: #365F91">857</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; padding-left: 8.25pt"><FONT STYLE="color: #365F91">Less:</FONT></TD>
    <TD STYLE="padding-left: 8.25pt; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; padding-left: 26pt"><FONT STYLE="color: #365F91">Capex</FONT></TD>
    <TD STYLE="padding-left: 8.25pt; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-left: 8.25pt; text-align: center"><FONT STYLE="color: #365F91">181</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-left: 8.25pt; text-align: center"><FONT STYLE="color: #365F91">197</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; padding-left: 8.25pt"><FONT STYLE="color: #365F91"><B>OCF</B></FONT></TD>
    <TD STYLE="padding-left: 8.25pt; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-left: 8.25pt; text-align: center"><FONT STYLE="color: #365F91"><B>598</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-left: 8.25pt; text-align: center"><FONT STYLE="color: #365F91"><B>660</B></FONT></TD></TR>
  </TABLE>

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<P STYLE="text-align: center; font: 14pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #365F91"><B><I><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 22pt Times New Roman, Times, Serif; background-color: rgb(0,24,62); border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="padding-left: 0.5in; font-size: 18pt; text-align: left; vertical-align: middle; width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 20pt; color: rgb(144,240,249)"><B>CEO
  LETTER</B></FONT></TD>
  <TD STYLE="text-align: right; width: 50%">&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD></TR>
</TABLE></I></B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt; color: #365F91"><B><I><U></U></I></B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #365F91"><B><I><U></U></I></B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #365F91"><B><I><U></U></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(54,95,145)"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #365F91"><B><I><U>For SDR holders only </U></I></B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #365F91">&nbsp;</P>

<P STYLE="font: italic 14pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91"><B>Subscription
for new SDRs representing common shares with SDR subscription rights </B></P>

<P STYLE="font: italic 14pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 6pt; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #365F91"><B><I>1. You are allocated SDR subscription rights</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #365F91">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding: 4pt; width: 28%; border: #1F497D 2.25pt solid"><FONT STYLE="font-size: 10pt; color: #365F91"><I>For each Millicom SDR you owned on the record date, you will receive one (1) subscription right</I></FONT></TD>
    <TD STYLE="width: 9%; border-right: #1F497D 2.25pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 27%; border-top: #1F497D 2.25pt solid; border-right: #1F497D 2.25pt solid; border-bottom: #1F497D 2.25pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: #365F91"><I>One (1) Millicom SDR</I></FONT></TD>
    <TD STYLE="width: 9%; border-right: #D9D9D9 2.25pt solid; text-align: center"><IMG SRC="image_001.gif" ALT="" STYLE="width: 33px; height: 12px"></TD>
    <TD STYLE="width: 27%; border-top: #D9D9D9 2.25pt solid; border-right: #D9D9D9 2.25pt solid; border-bottom: #D9D9D9 2.25pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: #365F91"><I>One (1)<BR>
subscription right</I></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #365F91"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #365F91"><B><I>2. How to exercise the SDR subscription rights</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #365F91">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="border: #1F497D 2.25pt solid; padding: 4pt; width: 28%"><FONT STYLE="font-size: 10pt; color: #365F91"><I>Ten (10) SDR subscription rights + SEK 742.00 (SEK 106.00 * 7) entitles you to seven (7) new Millicom SDRs</I></FONT></TD>
    <TD STYLE="width: 9%; border-right: #D9D9D9 2.25pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 27%; border-top: #D9D9D9 2.25pt solid; border-right: #D9D9D9 2.25pt solid; border-bottom: #D9D9D9 2.25pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #365F91"><I>Ten (10)</I></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #365F91"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #365F91"><I>SDR subscription rights +</I></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #365F91"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #365F91"><I>SEK 742.00 </I></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #365F91"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #365F91"><I>(SEK 106.00 * 7)</I></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #365F91"></P></TD>
    <TD STYLE="width: 9%; border-right: #1F497D 2.25pt solid; text-align: center"><IMG SRC="image_001.gif" ALT="" STYLE="width: 33px; height: 12px"></TD>
    <TD STYLE="width: 27%; border-top: #1F497D 2.25pt solid; border-right: #1F497D 2.25pt solid; border-bottom: #1F497D 2.25pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #365F91"><I>Seven (7)</I></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #365F91"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #365F91"><I>new Millicom SDRs</I></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #365F91"></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #365F91"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #365F91"><B><I>3. If you have a VP account (i.e. directly registered)
and are resident in Sweden</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #365F91">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding: 4pt; width: 26%; border: #1F497D 2.25pt solid"><FONT STYLE="font-size: 10pt; color: #365F91"><I>You wish to exercise all your SDR subscription rights</I></FONT></TD>
    <TD STYLE="width: 9%; border-right: #CFD9E0 2.25pt solid; text-align: center"><IMG SRC="image_002.gif" ALT="" STYLE="width: 34px; height: 13px"></TD>
    <TD STYLE="width: 65%; border-top: #CFD9E0 2.25pt solid; border-right: #CFD9E0 2.25pt solid; border-bottom: #CFD9E0 2.25pt solid; background-color: #CFD9E0; text-align: center"><FONT STYLE="font-size: 10pt; color: #365F91"><I>Use the pre-printed issue statement distributed by<BR>
Euroclear Sweden.</I></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #1F497D 2.25pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: #CFD9E0 2.25pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding: 4pt; border-right: #1F497D 2.25pt solid; border-bottom: #1F497D 2.25pt solid; border-left: #1F497D 2.25pt solid"><FONT STYLE="font-size: 10pt; color: #365F91"><I>You have purchased, sold or transferred SDR subscription rights to/from your VP account</I></FONT></TD>
    <TD STYLE="border-right: #CFD9E0 2.25pt solid; text-align: center"><IMG SRC="image_003.gif" ALT="" STYLE="width: 34px; height: 12px"></TD>
    <TD STYLE="border-right: #CFD9E0 2.25pt solid; border-bottom: #CFD9E0 2.25pt solid; background-color: #CFD9E0; text-align: center"><FONT STYLE="font-size: 10pt; color: #365F91"><I>Fill
    in the subscription form from Nordea<SUP>7</SUP> which can be obtained </I></FONT><FONT STYLE="font-size: 10pt; color: #365F91"><I>by</I></FONT>
    <FONT STYLE="font-size: 10pt; color: #365F91"><I>emailing Nordea at Issuerservices.se@nordea.com. Payment is done in accordance with
    the instructions on the subscription form.</I></FONT></TD></TR>
  </TABLE>
<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 0; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 0; text-align: justify; color: #365F91">Please note that
those with a VP account (i.e. directly registered) and resident outside Sweden should read &ldquo;Subscription and payment by SDR holders
with directly registered holdings not residing in Sweden&rdquo; in the section &ldquo;Terms and conditions of the offering&rdquo; in the
Swedish Prospectus. SDR holders with a VP account that reside in the United States or are otherwise &ldquo;U.S. persons&rdquo; (as defined
in Regulation S under the Securities Act of 1933, as amended) should read &ldquo;SDR Rights Holders Not Residing in Sweden&rdquo; in the
US Prospectus. If you hold your SDRs with one or more depositories, banks or securities institutions, you will receive information from
your nominee(s) about the SDR subscription rights. Please follow the instructions that you receive from your nominee(s).</P>

<P STYLE="font: italic 11pt Times New Roman, Times, Serif; margin: 0pt 5.8pt 0pt 0; text-align: justify; color: #365F91">&nbsp;</P>








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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="color: #365F91"><SUP>7</SUP></FONT></TD><TD><FONT STYLE="color: #365F91"><I>Nordea Bank
                                            Abp, filial i Sverige is not registered as a broker or dealer in the United States and will
                                            not be engaging in direct communications relating to the Rights Offer to investors located
                                            within the United States (whether on a reverse-inquiry basis or otherwise).</I></FONT></TD>
</TR></TABLE>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Millicom
International Cellular S.A.</B></FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registered office: 2, Rue du Fort Bourbon, L-1249
Luxembourg</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">R.C.S. Luxembourg: B40630</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(the &ldquo;<B>Company</B>&rdquo;)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Notice on the offering of common shares (<I>actions</I>)
of the Company, including common shares represented by Swedish Depository Receipts </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Not for distribution other than in the United
States of America, Sweden, Norway, Denmark and Finland</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This notice is made by application of article
420-26 (3) of the Luxembourg law of 10 August 1915 concerning commercial companies, as amended.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the authorisation provided for in
article 5 of the articles of association of the Company, the board of directors of the Company (the &ldquo;<B>Board of Directors</B>&rdquo;)
resolved on May 17, 2022 (the &ldquo;<B>Resolutions</B>&rdquo;), with the final pricing having been determined by the Chairman of the
Board of Directors and the Company&rsquo;s chief executive officer on May 18, 2022 pursuant to the delegation of authority provided for
in the Resolutions, to approve an offering of the Company&rsquo;s common shares under a rights issue (the &ldquo;<B>Offering</B>&rdquo;)
of an aggregate of up to 70,357,088 new common shares (<I>actions</I>) with a nominal value of USD 1.50 each (the &ldquo;<B>New Shares</B>&rdquo;,
each being a &ldquo;<B>New Share</B>&rdquo;), including common shares represented by Swedish Depository Receipts (&ldquo;<B>SDRs</B>&rdquo;,
each being an &ldquo;<B>SDR</B>&rdquo;) pursuant to the Custodian Agreement dated as of December 16, 2011, between Skandinaviska Enskilda
Banken AB (publ) (&ldquo;<B>SEB</B>&rdquo;) and the Company, as amended, representing a capital increase of up to USD 105,535,632 within
the limits of the Company&rsquo;s authorised share capital, in compliance with the preferential subscription rights of the shareholders
of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Offering comprises a rights offering of up
70,357,088 New Shares, including in the form of SDRs, under (i) an offering of New Shares, including common shares represented by SDRs,
in the United States (the &ldquo;<B>US Offering</B>&rdquo;) pursuant to a registration statement on Form F-3 filed on March 1, 2022 with
the U.S. Securities and Exchange Commission (&ldquo;<B>SEC</B>&rdquo;) (such registration statement (including the prospectus included
therein) and the related prospectus supplement, the &ldquo;<B>US Prospectus</B>&rdquo;) and (ii) a public offering of New SDRs governed
by Swedish law in Sweden, Norway, Denmark and Finland pursuant to a prospectus approved by the Swedish Financial Supervisory Authority
and notified to the competent regulator in each of Norway, Denmark and Finland for use in those jurisdictions (the &ldquo;<B>Swedish Prospectus</B>&rdquo;),
as well as an offering in other eligible jurisdictions in reliance on the available exemptions in such jurisdictions (the &ldquo;<B>Swedish
Offering</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Swedish Prospectus was published on May 20,
2022 and is available for viewing on https://www.fi.se/en/our-registers/prospektregistret and by eligible investors at www.millicom.com/investors.
The prospectus supplement was filed with the SEC and published on May 18, 2022 and the US Prospectus is available for viewing at http://www.sec.gov
and by eligible investors at www.millicom.com/investors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The new SDRs being offered for subscription under
the Swedish Offering are also being offered concurrently in the US Offering. The rights to subscribe for new common shares and new SDRs
under the US Offering and Swedish Offering are not interchangeable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The New Shares that form the subject matter of
the Offering carry the same rights as all other existing shares in the Company and confer no additional rights or benefits.</P>

<P STYLE="font: 10pt Times New Roman, Times, 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="text-align: center; margin-top: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; margin-bottom: 0pt">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->-&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All of the Company's common shares, including
the New Shares, are subject to and governed by Luxembourg law. The New Shares will rank equally in all respects with the Company's common
shares already in issue and will carry the same dividend rights as the existing shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company&rsquo;s common shares trade on the
Nasdaq Global Select Market (&ldquo;<B>Nasdaq</B>&rdquo;) under the symbol &ldquo;TIGO&rdquo; and the SDRs trade on the Main Market of
the Nasdaq Stockholm Aktiebolag (&ldquo;<B>Nasdaq Stockholm</B>&rdquo;) under the symbol &ldquo;TIGO SDB&rdquo;.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Holders of common shares of the Company (other
than holders of those common shares represented by SDRs and excluding treasury shares) will receive one common share right (a &ldquo;<B>Common
Share Right</B>&rdquo;) for each common share owned of record at 5.00 p.m. (New York time) on May 23, 2022.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Holders of SDRs, each SDR representing one common
share of the Company, will receive one SDR right (a &ldquo;<B>SDR Right</B>&rdquo;) for each SDR owned of record on May 23, 2022 (end
of day, Central European Time).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Basic subscription privilege (i.e. preferential
subscription right) and subscription price</U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The exercise of 10 Common Share Rights will entitle
the holder thereof to subscribe for 7 New Shares at a subscription price of 10.61 US dollars per New Share.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The exercise of 10 SDR Rights will entitle the
holder thereof to subscribe for 7 new SDRs, each such new SDR representing one New Share, at a subscription price of 106.00 Swedish Krona
per new SDR. Holders of SDR Rights that validly subscribe and fully pay for new SDRs pursuant to the basic subscription privilege will
be issued one interim SDR (collectively, the &ldquo;<B>Interim SDRs</B>&rdquo;) for each new SDR that is subscribed and paid for.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The subscription price in Swedish Krona has been
determined based on the subscription price in US dollars, using the SEK/USD exchange rate published by the Swedish Central Bank (<I>Sveriges
Riksbank</I>) on May 17, 2022, as a result of which all the New Shares (whether represented by SDRs or not) will be issued at the same
subscription price.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The subscription period for the Common Share Rights
will begin on May 27, 2022 and will close at 5.00 p.m. (New York time) on June 13, 2022.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The subscription period for the SDR Rights will
begin on May 27, 2022 and will close at 3.00 p.m. (Central European Time) on June 13, 2022.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Common Share Rights and SDR Rights that are not
exercised by a holder during the applicable subscription period will expire and become null and void, and holders of such rights will
not receive any compensation for them.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Each holder of a Common Share Right that exercises
its Common Share Rights in full will have an oversubscription privilege entitling them to subscribe for and purchase, at the applicable
subscription price, up to the number of New Shares equal to, in the aggregate, the total number of New Shares issuable pursuant to Common
Share Rights that are not exercised pursuant to the basic subscription privilege by the end of the applicable subscription period, plus
an additional</P>

<P STYLE="font: 10pt Times New Roman, Times, 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="text-align: center; margin-top: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; margin-bottom: 0pt">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence -->-&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">number of New Shares equal to the number of new
SDRs that are not exercised and oversubscribed pursuant to the basic subscription and oversubscription privileges under the SDR Rights
by the end of the applicable subscription period (the &ldquo;<B>Available Oversubscription Shares</B>&rdquo;). Each holder of an SDR Right
that exercises its SDR Rights will have an oversubscription privilege entitling them to subscribe for and purchase, at the applicable
subscription price, up to the number of new SDRs equal to, in the aggregate, the total number of new SDRs issuable pursuant to SDR Rights
that are not exercised pursuant to the basic subscription privilege by the end of the applicable subscription period, plus an additional
number of new SDRs equal to the number of New Shares that are not exercised and oversubscribed pursuant to the basic subscription and
oversubscription privileges under the Common Share Rights by the end of the applicable subscription period (the &ldquo;<B>Available Oversubscription
SDRs</B>&rdquo; and together with the Available Oversubscription Shares, the &ldquo;<B>Available Oversubscription Securities</B>&rdquo;).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Any Available Oversubscription Securities that
are not subscribed pursuant to the oversubscription privileges referred to above will be available for subscription by eligible investors
in the Swedish Offering in the form of new SDRs without the use of preferential subscription rights as further set out in the Swedish
Prospectus (the &ldquo;<B>Direct Subscription</B>&rdquo;).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has entered into an underwriting agreement
pursuant to which the underwriters thereunder have severally but not jointly agreed, on the terms and conditions set forth therein, to
purchase their relevant proportion of the aggregate number of new SDRs and New Shares (with the allocation between new SDRs and New Shares
to be determined by the underwriters following consultation with the Company) (such New Shares and new SDRs, the &ldquo;<B>Rump Shares</B>&rdquo;)
equal to the Available Oversubscription Securities minus the aggregate portion of the Available Oversubscription Securities subscribed
pursuant to (i) the exercise by holders of their respective oversubscription privileges and (ii) in the case of certain new SDRs only,
if any, the Direct Subscription. The underwriters intend to offer and sell the Rump Shares, if any, to potential investors (the &ldquo;<B>Rump
Placement</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Modalities for the exercise of the Common
Shares Rights and SDRs Rights</U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The modalities for the exercise of the Common
Shares Rights and the SDRs Rights are set out in the Swedish Prospectus and the US Prospectus.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Listing of Common Shares Rights, SDRs Rights
and Interim SDRs</U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has applied to have the Common Shares
Rights admitted for trading on Nasdaq, where they are expected to begin trading under the symbol &ldquo;TIGOR&rdquo; on May 27, 2022 and
to continue trading through June 8, 2022.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has applied to have the SDR Rights
admitted for trading on Nasdaq Stockholm, where they are expected to begin trading under the symbol &ldquo;TIGO TRV SDB P1&rdquo; on May
27, 2022 and to continue trading through June 8, 2022.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has applied to have the Interim SDRs
admitted for trading on Nasdaq Stockholm, where they are expected to begin trading under the symbol &ldquo;TIGO SDB P1&rdquo; on May 27,
2022 and to continue trading through June 22, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, 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="text-align: center; margin-top: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; margin-bottom: 0pt">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence -->-&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Completion of the issuance of the New Shares
under the Offering</U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The New Shares that are subscribed for and fully
paid by exercise of the Common Share Rights (by application of the basic subscription privilege and the oversubscription privilege referred
to above) and the New Shares that are subscribed for and fully paid by exercise of the SDR Rights (by application of the basic subscription)
will be issued on or around June 21, 2022 pursuant to a decision of an authorized director or daily manager of the Company, as the case
may be, in accordance with the Resolutions and the delegation of powers from the Board of Directors approved therein. Thereupon, such
authorized signatory will appear, in person or represented by a representative, before a notary residing in the Grand Duchy of Luxembourg
to have the issue of the relevant New Shares and the corresponding amendment to the articles of association of the Company recorded in
a notarial deed on the same date in accordance with applicable Luxembourg law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The New Shares that are subscribed for and fully
paid in the context of the Rump Placement will be issued on or around June 21, 2022 pursuant to a decision of an authorized director or
daily manager of the Company, as the case may be, in accordance with the Resolutions and the delegation of powers from the Board of Directors
approved therein. Thereupon, such authorized signatory will appear, in person or represented by a representative, before a notary residing
in the Grand Duchy of Luxembourg to have the issue of the relevant New Shares and the corresponding amendment to the articles of association
of the Company recorded in a notarial deed on the same date in accordance with applicable Luxembourg law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The New Shares that are subscribed for and fully
paid by exercise of the SDR Rights (by application of the oversubscription privilege and Direct Subscription) will be issued on or around
June 29, 2022 pursuant to a decision of an authorized director or daily manager of the Company, as the case may be, in accordance with
the Resolutions and the delegation of powers from the Board of Directors approved therein. Thereupon, such authorized signatory will appear,
in person or represented by a representative, before a notary residing in the Grand Duchy of Luxembourg, in order to have the issue of
the relevant New Shares and the corresponding amendments to articles of association of the Company recorded in a notarial deed on the
same date in accordance with applicable Luxembourg law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All the New Shares will be duly recorded in the
Company&rsquo;s shares register.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The information contained in this notice is not
intended for, and must not be accessed by, or distributed or disseminated, directly or indirectly, in whole or in part, to persons resident
or physically present in any jurisdiction where such action is wholly or partially subject to legal restrictions, or would require additional
prospectuses, registration or measures, or otherwise would be in conflict with the rules of such jurisdictions or could not be made without
the application of exemptions in such jurisdictions. The information in the notice does not constitute an offer to acquire or subscribe
for any securities in the Company (the &ldquo;<B>Securities</B>&rdquo;) to any person in such jurisdictions. Any failure to comply with
the restrictions may constitute a violation of applicable securities regulations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Important information for readers in the
United States</U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This communication is not an offer to sell or
the solicitation of an offer to buy any securities, and we will not offer or sell the securities referred to herein in any jurisdiction
in which such offer or sale would be unlawful. The rights offering referred to in this communication will be made only by means of a prospectus
meeting the requirements of the Securities Act of 1933, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, 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="text-align: center; margin-top: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; margin-bottom: 0pt">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence -->-&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has filed the US Prospectus with the
SEC. Before you invest, you should read the US Prospectus and the documents incorporated by reference therein, as well as the other documents
the Company has filed with the SEC for more complete information about the Company and the rights offering. You may get these documents
for free by visiting EDGAR on the SEC&rsquo;s website at www.sec.gov. Alternatively, to request a copy of the prospectus, please contact
Broadridge Corporate Issuer Solutions, Inc., Millicom&rsquo;s agent for the U.S. common share rights offering, toll-free at +1 (888) 789-8409.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Important information for readers in the
EEA</U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Within the European Economic Area (&ldquo;<B>EEA</B>&rdquo;),
other than in Sweden, Norway, Denmark and Finland, no Securities have been or will be offered to the public other than in accordance with
an applicable exemption under the Prospectus Regulation (EU) 2017/1129 (the &ldquo;<B>Prospectus Regulation</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Important information for readers in the
United Kingdom</U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Any offer of Securities in the United Kingdom
will be made pursuant to an exemption under Regulation (EU) 2017/1129 as it forms part of the domestic law of the United Kingdom by virtue
of the European Union (Withdrawal) Act 2018 from the requirement to publish a prospectus for offers of securities.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This notice is for distribution only to, and is
directed only at, persons who are (i) outside the United Kingdom; (ii) persons having professional experience in matters relating to investments
falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the &ldquo;<B>Order</B>&rdquo;);
(iii) persons falling within Article 49(2)(a) to (d) (&ldquo;high net worth companies, unincorporated associations etc.&rdquo;) of the
Order; or (iv) persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial
Services and Markets Act 2000 (as amended, &ldquo;<B>FSMA</B>&rdquo;) in connection with the issue or sale of any securities may otherwise
lawfully be communicated or caused to be communicated (all such persons together being referred to as &ldquo;<B>relevant persons</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Any investment or investment activity to which
this notice relates is available only to, and will be engaged in only with, relevant persons. Any person who is not a relevant person
should not act or rely on this notice or any of its contents.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Important information for readers in Luxembourg</U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">No &ldquo;offer of the Securities to the public&rdquo;
within the meaning of the Luxembourg law on prospectuses for securities dated July 16, 2019 (the &ldquo;<B>Prospectus Law</B>&rdquo;)
or the Prospectus Regulation is made in the Grand Duchy of Luxembourg, unless in accordance with applicable exemptions under the Prospectus
Law and the Prospectus Regulation. The expression an &ldquo;offer of securities to the public&rdquo; in relation to any Securities in
the Grand Duchy of Luxembourg means the communication in any form by any means of sufficient information on the terms of the offer and
the Securities to be offered so as to enable an investor to decide to purchase or subscribe for the Securities.</P>

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

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

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


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="text-align: center; margin-top: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo --><!-- Field: /Sequence --> &nbsp;</P></DIV>
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<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="text-align: center; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><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: center"><FONT STYLE="font-size: 10pt">(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 Escal&oacute;n</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 45%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="width: 41%"><FONT STYLE="font-size: 10pt">Salvador Escal&oacute;n</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">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">Date: May 23, 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>


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