Millicom International Cellular S.A.: Repurchase of shares in Millicom

Repurchase of shares in Millicom

Luxembourg, September24, 2021 - During the period September 16, 2021 - September 22, 2021, Millicom repurchased a total of 122,612 of its Swedish Depository Receipts (SDRs), hereinafter referred to as shares within the framework of the repurchase program announced on July 29, 2021 (the Repurchase Program), details of which are shown in the table below.

Date	Number of shares repurchased	Weighted average repurchaseprice (SEK) excluding commissions	Total daily transaction value (SEK), excluding commissions
16/09/2021	17,000	315.2166	5,358,682.20
17/09/2021	13,000	316.9849	4,120,803.70
20/09/2021	47,000	310.3055	14,584,358.50
21/09/2021	22,000	312.2228	6,868,901.60
22/09/2021	23,612	311.9609	7,366,020.77

All purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom. Following the purchases, as of September 22, 2021, Millicom holds 915,037 treasury shares and has repurchased 739,438 shares under the Repurchase Program. The total number of shares outstanding in Millicom is 101,739,217.

1. The repurchase program is being executed consistent with the provisions of Article 5 of MAR and the Commission Delegated Regulation No 2016/1052 ("Safe Harbor Regulation").
2. The maximum level of SDRs that may be repurchased will be the lower of SEK 870 million (approximately USD 100 million) in aggregate purchase price, or 5,000,000 SDRs.

A full breakdown of the transactions is attached to this press release. For information about all transactions carried out under the repurchase program, refer to Nasdaq Stockholm's website.

For further information, please contact

Press: Vivian Kobeh, Director Corporate Communications [phone] [e-mail] Yocasta Valdez, Group Manager Digital Media & Communications [phone] [e-mail] (mailto:[e-mail])

Investors: Michel Morin, VP Investor Relations [phone] [e-mail] (mailto:[e-mail]) Sarah Inmon, Director Investor Relations [phone] [e-mail] (mailto:[e-mail])

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Attachments

• Press Release_Repurchase of shares in Millicom_092421 (https://ml-eu.globenewswire.com/Resource/Download/46574480-2817-4c74-996b-ee8823478850)
• Attachment - Breakdrown transactions week Sept 16_22 Nasdaq_092421 (https://ml-eu.globenewswire.com/Resource/Download/0866b0cf-91c0-499f-b7ae-ac8b5e3b543f)