Remuneration of Executives by distribution of Millicom shares

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February 25, 2022 12:46 PM EST

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Remuneration of Executives by distribution of Millicom shares

Luxembourg, February 25, 2022 – Millicom International Cellular S.A. ("Millicom") announces that, in accordance with the vesting terms and conditions of its deferred share-based compensation plans, approved at Millicom’s 2019, 2020, and 2021 annual general meetings of shareholders, it has distributed treasury shares to eligible plan participants, including 52,895 shares to its executive management team.

Details of the distributions are disclosed on Millicom’s website.

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For further information, please contact:

Press:Vivian Kobeh, Director Corporate Communications +1-786-628-5300[email protected] Yocasta Valdez, Group Manager Digital Media & Communications+1-305-929-5417[email protected]

Investors:Michel Morin, VP Investor Relations+1-786-628-5270[email protected] Sarah Inmon, Director Investor Relations+1-786-628-5303[email protected]

About MillicomMillicom (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® and Tigo Business® 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.

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