Remuneration of Executives by distribution of Millicom (Tigo) shares

Millicom International Cellular

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Remuneration of Executives by distribution of Millicom (Tigo) shares

Luxembourg, February 25, 2025 – Millicom International Cellular S.A. ("Millicom") announces that, in accordance with the vesting terms and conditions of its deferred share-based compensation plans, approved at Millicom’s 2022, 2023, and 2024 annual general meetings of shareholders, it has distributed 650,605 treasury shares to eligible plan participants, including 98,255 shares to its executive management. As a result, Millicom’s own holding of Millicom shares is 2,015,884 ordinary shares. The total amount of ordinary Millicom shares outstanding is 172,096,305.

Details of the distributions are disclosed on Millicom’s website.

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About Millicom

Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of fixed and mobile telecommunications services in Latin America. Through our TIGO® and Tigo Business® brands, we provide a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of September 30, 2024, Millicom, including its Honduras Joint Venture, employed approximately 15,000 people, and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint of about 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.