Nomination Committee Proposal for Board of Directors

Stockholm, 25 April, 2014 – Millicom, the international telecommunications and media company (Stockholmsbörsen: MIC), has been informed by the Nomination Committee that it has nominated Cristina Stenbeck, Tomas Eliasson, Dame Amelia Fawcett and Dominique Lafont as new non-executive Directors for election at the AGM to be held on 27 May 2014. The Nomination Committee of the Board will propose four new non-executive Directors for election to the Board of Millicom. The new Board members proposed are Cristina Stenbeck, Tomas Eliasson, Dame Amelia Fawcett and Dominique Lafont. The Committee has also nominated Cristina Stenbeck as Chairman of the Board of Millicom. The Nomination Committee proposes to re-elect Mia Brunell Livfors, Paul Donovan, Ariel Eckstein, Lorenzo Grabau and Alejandro Santo Domingo as non-executive directors. Allen Sangines-Krause, Omari Issa and Kim Ignatius have informed the Nomination   Committee that they will not seek re-election at the forthcoming AGM. Mathias Leijon, CIO of Nordea Investment Funds and member of the Nomination Committee, commented: “The Nomination Committee is pleased that Cristina Stenbeck has accepted our proposal to nominate her as Chairman of the Board of Millicom. Cristina Stenbeck brings valuable leadership skills and industry expertise to Millicom as the Company seeks to expand its regional presence and its digital lifestyle offering. She is deeply knowledgeable of the strategic opportunities and the challenges that Millicom faces as a leading shareholder and a board member.” The Chairman of the Nomination Committee, Cristina Stenbeck commented: “The Nomination Committee is delighted to nominate three such highly qualified candidates as Tomas Eliasson, Dame Amelia Fawcett and Dominique Lafont. Tomas Eliasson is a seasoned CFO of a leading global consumer focused company with expertise in financial, treasury and risk management across multiple jurisdictions and currencies. He is experienced in overseeing operations in growth markets and in managing the finance function of a leading Swedish public company. Dame Amelia Fawcett has worked in financial services for more than 20 years and has led the transformation of multiple businesses both in an executive and in a non-executive role in Europe, the US, Latin America, Asia and the Middle East. Dominique Lafont has built a very successful infrastructure and logistics business across 45 African countries within the Bolloré Group. As a former CFO and now CEO, Dominique brings unique African operational expertise, capital management discipline and real insight in the regional dynamics of East and West Africa.” The biographical details of the nominees are as follows: Tomas Eliasson Tomas Eliasson has been Chief Financial Officer and Senior Vice-President of Electrolux, the Swedish household and professional appliances manufacturer, since 2012. He previously held various management positions in Sweden and abroad at ABB Group from 1987–2002, was Chief Financial Officer of Seco Tools AB from 2002–2006 and Chief Financial Officer of ASSA ABLOY AB from 2006–2012. Tomas Eliasson has a Bachelor of Science in Business Administration and Economics from the University of Uppsala. Dame Amelia Fawcett Dame Amelia Fawcett is the Deputy Chairman of Investment AB Kinnevik. She is also Chairman of the Hedge Fund Standards Board in London, a Non-Executive Director of State Street Corporation in Boston, Massachusetts, where she chairs the Risk and Capital Committee, and a Non-Executive Director of HM Treasury in London. Between 2007 and 2013, Dame Amelia Fawcett was a Non-Executive Director and then Chairman of the Guardian Media Group, one of the UK’s leading media companies, and between 2007 and 2010, she was Chairman of Pensions First, a financial services and systems solutions business, which she helped set up. From 1987-2007 she worked for Morgan Stanley, first as an executive and then in an advisory role. She started her career at the US law firm of Sullivan and Cromwell, first in New York then in Paris. Dame Amelia has a degree in history from Wellesley and a law degree from the University of Virginia. Dominique Lafont Dominique Lafont has been Chief Executive Officer of Bolloré Africa Logistics since 2006. The French company provides integrated logistics networks on the African continent and operates public-private partnerships in the port and rail sectors. Dominique Lafont joined the company in 1999 as the Financial Director for Africa at the Bolloré Group before being appointed the Managing Director of its Anglophone Africa Unit in 2003. Prior to this he held senior positions at the Saga Group, the Rivaud Group and Sogea of the Vinci Group. He began his career at Arthur Andersen in France. Dominique holds an MBA from the ESSEC Business School and a degree in business law from the Panthéon-Assas University in Paris. Cristina Stenbeck Cristina Stenbeck is the Executive Chairman of Investment AB Kinnevik. Cristina began her career within the Kinnevik group in 1997 when she joined the Board of Invik & Co, its financial services company. Cristina Stenbeck became vice Chairman of Investment AB Kinnevik in 2003 and Chairman in 2007. In addition to leading Kinnevik, she is also Chairman of Zalando, the leading European fashion and accessories e-commerce company. In recent years, she has also served on the Boards of Millicom, Tele2, Modern Times Group, Transcom WorldWide and Metro International. She chairs the Nomination Committees of Investment AB Kinnevik, Millicom, Tele2, Modern Times Group, and CDON Group which spearhead the recruitment of new Directors for each of these companies’ Boards. She graduated with a B.Sc. from Georgetown University in Washington DC, USA. Cristina Stenbeck, Chairman of the Nomination Committee added: “On behalf of all shareholders I would like to thank Allen Sangines-Krause, Omari Issa and Kim Ignatius for their significant contribution to the Millicom Board. Kim Ignatius has led the Audit Committee for three years as the Company has repositioned itself strategically, established a new leadership team and made a number of key acquisitions to strengthen its regional presence. He has provided continuity, financial discipline and high standards of transparency and governance. I was delighted when Allen Sangines-Krause and Omari Issa each accepted to remain involved with Millicom by chairing our Latin American and African Advisory Councils, respectively. The Advisory Councils will review operational and strategic initiatives in their respective regions, assess key potential partnerships and help Millicom build even stronger stakeholder relationships. I look forward to working closely with both of them.” For more information please contact: Investor Relations: Nicolas Didio, Director, Head of Investor Relations +44 7795 385217 / investors@millicom.com Press and Media: Julian Eccles, VP, Corporate Communications +44 7720 409374 / press@millicom.com Notes to Editors 1. The proposal meets the requirements of the Swedish Code of Corporate Governance for independent members of the Board of Directors. Subject to the agreement of the AGM, all nine of the members of the Board are independent in relation to both the company and its management and five are independent in relation to Millicom’s major shareholders. 2.The Nomination Committee is comprised of Cristina Stenbeck on behalf of Investment AB Kinnevik, Annika Andersson on behalf of Swedbank Robur funds and Mathias Leijon on behalf of Nordea Investment Funds. The three members in the Nomination Committee are appointed by shareholders that jointly represent approximately 45 percent of the shareholder votes in Millicom. About Millicom Millicom is a leading international telecommunications and media company dedicated to emerging markets in Latin America and Africa. Millicom sets the pace when it comes to providing digital lifestyle services to the world’s emerging markets, giving access to the world, primarily through mobile devices. Operating in 15 countries, Millicom offers innovative and customer-centric products. Millicom employs more than 10,000 people and provides mobile, cable, broadband, TV content, online and financial services to over 50 million customers. Founded in 1990, Millicom is headquartered in Luxembourg and listed on NASDAQ OMX Stockholm under the symbol MIC. In 2013 Millicom generated revenue of $5.16 billion and EBITDA of $1.9 billion.