Jun 30, 2017   SOURCE: PR NewsWire

Notice of Redemption to the Holders of Millicom International Cellular S.A. (the "Issuer")

LUXEMBOURG, June 30, 2017 /PRNewswire/ --

Notice of the redemption of all of the aggregate principal amount of the Issuer's outstanding 4.750% Senior Notes due 2020 (the "Notes") is hereby given pursuant to Section 3.03 of the Indenture, dated as of May 22, 2013 (as amended or supplemented from time to time, the "Indenture"), among the Issuer; Citibank N.A., London Branch, as trustee, transfer agent and paying agent (in such capacity, the "Paying Agent"); and Citigroup Global Markets Deutschland AG, as registrar. All capitalized terms used herein and not defined shall have the meanings assigned to such terms in the Indenture.

The terms and conditions of redemption are as follows:

    1. The redemption date for the Notes will be August 1, 2017 (the "Redemption
       Date"), and the record date will be one Business Day prior to the
       Redemption Date.
    2. The redemption price is 102.375% of the principal amount of the Notes,
       plus accrued and unpaid interest and Additional Amounts, if any, to, but
       not including, the Redemption Date.  Accordingly, the aggregate
       redemption amount for the Notes is expected to be $352,743,063.40 which
       comprises (i) 102.375% of the principal amount of $341,524,000, amounting
       to $349,635,195, plus (ii) accrued and unpaid interest and Additional
       Amounts, if any, to, but not including, the Redemption Date occurring on
       August 1, 2017, amounting to $3,107,868.40 (collectively, the "Redemption
       Amount").
    3. The Paying Agent is Citibank, N.A., London Branch, Citigroup Centre,
       Canada Square, Canary Wharf, London E14 5LB, United Kingdom.
    4. The Notes must be surrendered to the Paying Agent to collect the
       applicable Redemption Amount set forth under paragraph 2 above.
    5. Unless the Issuer defaults in making the redemption payment, interest and
       Additional Amounts, if any, on the Notes cease to accrue on and after the
       Redemption Date.
    6. The Notes being called for redemption are being redeemed pursuant to
       Section 3.07(e) of the Indenture.
    7. No representation is made by the Issuer, the Trustee or the Paying Agent
       as to the correctness or accuracy of the ISIN or Common Code numbers
       listed in this Notice or printed on the Notes.

Failure to receive this notice or any defect herein shall not affect the validity of the proceedings for the redemption of the Notes or the cessation of accrual of interest and Additional Amounts, if any, from and after the Redemption Date.

For further information, please contact

Press:

Vivian Kobeh
+1-305 -76-7352 /+1-305-302-2858
press@millicom.com

Investors:

Michel Morin
+352-277-59094
Mauricio Pinzon
+44-20 -249-2460
investors@millicom.com

This information was brought to you by Cision http://news.cision.com
http://news.cision.com/millicom-international-cellular/r/notice-of-redemption-to-the-holders-of-millicom-international-cellular-s-a---the--issuer-,c2300185

The following files are available for download:


    http://mb.cision.com/Main/950/2300185/695199.pdf Redemption of 20s

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SOURCE Millicom International Cellular