Millicom International Cellular: Millicom Proposes New Board Directors

NEW YORK & STOCKHOLM, Sweden -- Millicom International Cellular S.A. (Nasdaq:MICC) (STO:MIC), the global telecommunications company, today announces that ahead of the Annual General Meeting on May 27, 2008, the Nomination Committee proposes to re-elect Mr Kent Atkinson, Ms Mia Brunell Livfors, Ms Donna Cordner, Mr Daniel Johannesson and Mr Michel Massart as Non-Executive Directors and to elect Mr Allen Sangines-Krause and Mr Marten Pieters as new Non-Executive Directors of the Company. The Committee also proposes to re-elect Mr Daniel Johannesson as Non-Executive Chairman of the Board of Directors.

Mr Marten Pieters was CEO of MSI, which became Celtel, from 2003 through its acquisition by MTC in early 2007. During this time, he was a driving force in Celtel's development as one of the leading pan-African telecommunications operators, serving some 20 million customers in 14 countries. Previously, from 1989 to 2003, Mr Pieters worked at KPN where, from 2000, he was a member of the executive management board of KPN Telecom with specific responsibility for KPN's Business Solutions Division. Prior to this he was EVP, KPN International Operations, covering Central and Eastern Europe, Asia and the US. Before this he was Managing Director of two Telecoms districts, having joined KPN as Secretary to the Board of Management. Before starting his career in telecommunications, Mr Pieters worked for 11 years at Royal Smilde Foods as Director of Finance and Strategic Planning and eventually as CEO in the Netherlands. He has a Law degree from Groningen University, The Netherlands.

Mr Allen Sangines-Krause worked for Goldman Sachs between 1993 and 2007, working in a variety of senior positions from COO for Latin America based in Mexico City and New York and most recently as Managing Director out of London. Prior to joining Goldman Sachs, Mr Sangines-Krause was with Casa de Bolsa Inverlat, in Mexico, and before that he was a Founding Partner of Fidem, S.C., a Mexican investment bank, which was acquired by Casa de Bolsa Inverlat in 1991. Mr Sangines-Krause currently sits on the Board of Investment AB Kinnevik and is Chairman of Rasaland, a real estate investment fund. He is a member of the Council of the Graduate School of Arts and Sciences of Harvard University. He has a Ph.D. in Economics from Harvard University and an undergraduate degree in Economics from Instituto Tecnologico Autonomo de Mexico. While at Harvard, he was economic advisor to the Bolivian President for three years, focused on successfully reducing hyperinflation from some 20,000% to single digit levels.

Millicom Chairman, Mr Daniel Johannesson, commented: "I am delighted to propose Mr Sangines- Krause and Mr Pieters to the Board of Directors of Millicom. Mr Sangines-Krause has significant investment banking experience in both Central and South America and Europe, having spent many years living and working throughout Latin America, which continues to be an extremely important region for Millicom's development. He already has a thorough understanding of the strategic direction of Millicom from his non-executive director role at Investment AB Kinnevik. Mr Pieters has tremendous experience from the telecommunications sector, having worked at both KPN in Europe and most recently as CEO of Celtel in Africa. Africa remains an important focus area for Millicom's future growth. I have no doubt that both proposed Directors' expertise will be instrumental to Millicom in the future."

Millicom International Cellular S.A. is a global telecommunications group with mobile telephony operations in Asia, Latin America and Africa. It currently has mobile operations and licenses in 16 countries. The Group's mobile operations have a combined population under license of approximately 291 million people.

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

All forward-looking statements in this press release are based on information available to Millicom on the date hereof. All written or oral forward-looking statements attributable to Millicom International Cellular S.A., any Millicom International Cellular S.A. employees or representatives acting on Millicom's behalf are expressly qualified in their entirety by the factors referred to above. Millicom does not intend to update these forward-looking statements.

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