Millicom International Cellular: Annual General Meeting and Extraordinary General Meeting

The AGM resolved to re-elect Vigo Carlund, Donna Cordner, ErnestCravatte, Lars-Johan Jarnheimer, Daniel Johannesson, Tope Lawani,Michel Massart and Cristina Stenbeck as members of the Board ofDirectors. Raymond Kirsch did not stand for re-election and thereforeceases to be a member of the Board. PricewaterhouseCoopers Sarl wasre-elected as external Auditor.

All other resolutions proposed to Millicom's AGM of shareholderstoday in Luxembourg were passed.

The EGM resolved to approve the proposed grant of restrictedshares to the Directors in relation to 2005, additional stock optionsto a new member of senior management that had not been included intothe grant of stock options approved at the 2005 AGM, and restrictedshares to senior management and employees in relation to 2005. The EGMalso acknowledged that the foregoing grants will all be made withinthe current authorized share capital of Millicom.

The quorum of 50% of the issued and outstanding shares of Millicombeing present or represented was not met and thus the EGM was unableto deliberate on the resolution required by Article 100 of theLuxembourg companies' law of 1915, as amended.

Following the AGM/EGM, the Board unanimously resolved to re-electMr. Johannesson as Chairman of the Board of Directors for a term ofoffice ending on the day of the AGM to take place in 2007.

The Board also resolved to elect Michel Massart, Ernest Cravatteand Tope Lawani as members of the Audit Committee and to elect Mr.Massart as its Chairman and designated financial expert, in each casefor a term of office ending on the day of the AGM to take place in2007.

The Board resolved to elect Daniel Johannesson, Cristina Stenbeck,Vigo Carlund and Donna Cordner as members of the CompensationCommittee and to elect Donna Cordner as Chairwoman. Each member iselected for a term of office ending on the day of the AGM to takeplace in 2007.

The Board resolved to elect Daniel Johannesson, Donna Cordner andErnest Cravatte to be the members of the Nominations Committee untilthe date of the next AGM in 2007.

Finally, the Board resolved to convene a second EGM in relation toitem 11 of the agenda because the legally required quorum of 50% ofthe issued and outstanding share capital of Millicom being present orrepresented was not met at today's EGM. The Board reconvened thesecond EGM to Friday June 30, 2006, at 10.00 a.m. at Millicom'sheadquarters in Bertrange, Luxembourg. The statutory notices will bepublished in due course in the Luxembourg Official Gazette (Memorial)and in the Luxemburger Wort newspaper.

Millicom International Cellular S.A. is a globaltelecommunications investor with cellular operations in Asia, LatinAmerica and Africa. It currently has cellular operations and licensesin 16 countries. The Group's cellular operations have a combinedpopulation under license of approximately 390 million people.

This press release may contain certain "forward-lookingstatements" with respect to Millicom's expectations and plans,strategy, management's objectives, future performance, costs,revenues, earnings and other trend information. It is important tonote that Millicom's actual results in the future could differmaterially from those anticipated in forward-looking statementsdepending on various important factors. Please refer to the documentsthat Millicom has filed with the U.S. Securities and ExchangeCommission under the U.S. Securities Exchange Act of 1934, as amended,including Millicom's most recent annual report on Form 20-F, for adiscussion of certain of these factors.

All forward-looking statements in this press release are based oninformation available to Millicom on the date hereof. All written ororal forward-looking statements attributable to Millicom InternationalCellular S.A., any Millicom International Cellular S.A members orpersons acting on Millicom's behalf are expressly qualified in theirentirety by the factors referred to above. Millicom does not intend toupdate these forward-looking statements.

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