Repurchase of shares in Millicom

Repurchase of shares in Millicom

Luxembourg, April 6, 2020 - During the period March 30, 2020 – April 3, 2020, Millicom repurchased a total of 10,684 of its Swedish Depository Receipts (SDRs), hereinafter referred to as shares within the framework of the repurchase program announced on February 27, 2020, details of which are shown in the table below.

All purchases were carried out on Nasdaq Stockholm by Goldman Sachs International on behalf of Millicom. Following the purchases, as of April 3, 2020, Millicom holds 669,817 treasury shares. The total number of shares outstanding in Millicom is 101,739,217.

The repurchase program has been executed consistent with the provisions of Article 5 of the Market Abuse Regulation and the Commission Delegated Regulation No 2016/1052 (“Safe Harbour Regulation”). The repurchase program announced on February 27, 2020, has now been completed, with an aggregate of 350,000 shares having been repurchased for SEK 104,278,514.26.

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.

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About Millicom

Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of cable and mobile services dedicated to emerging markets in Latin America and Africa. Millicom sets the pace when it comes to providing high-speed broadband and innovation around The Digital Lifestyle® services through its principal brand, TIGO. As of December 31, 2019, Millicom operating subsidiaries and joint ventures employed more than 22,000 people and provided mobile services to approximately 52 million customers, with a cable footprint of more than 11 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.