Millicom International Cellular - Strategic Review

The Company remains confident in its current strategy and growthprospects and the outcome of the review may not lead to anytransaction. Further announcements will be made as appropriate.

Note to Editors:

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 391 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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