MILLICOM (TIGO) ANNOUNCES OFFERING DEBT OBLIGATIONS OF TIGO GUATEMALA

Millicom announces an offer from Tigo Guatemala to purchase up to US$90,000,000 in aggregate principal amount of Comcel’s outstanding 5.125% senior notes due 2032.

LUXEMBOURG, November 4 10:40 PM ET / November 5 3:40 AM ET – Millicom announced today that its Guatemalan subsidiary, Comunicaciones Celulares, SA (“Comcel”), has made a tender offer to purchase for cash (the “Tender Offer”) up to an aggregate nominal amount of US$90,000,000 (such amount, each thereafter, as may be varied by Comcel in its sole discretion, the “Maximum Amount”) of the outstanding 5.125% Senior Notes due 2032 (the “Notes”) issued by Walkers Fiduciary Limited (the “Cayman Trustee”), acting as Trustee guaranteed by CT Trust (the “Trust”) and on a senior unsecured basis by Comcel and certain other guarantors. The tender offer is being made pursuant to the terms of a tender offer dated November 4, 2022 (as amended or supplemented from time to time, the “Tender Offer”) and is subject to certain conditions described therein.

Schedule for the Takeover Offer

• Start of the tender offer: November 4, 2022
• Early Bid Time: 5:00 p.m. NYT on November 18, 2022
• Withdrawal Deadline: 5:00 PM NYT on November 18, 2022
• Expiration Time: 11:59 PM NYT on December 5, 2022
• Final Payment Date: Estimated December 6, 2022

Purpose of the Takeover Offer

The purpose of the tender offer is to purchase debt guaranteed by Tigo Guatemala, consistent with Millicom’s previously announced plans to purchase outstanding debt issued or assumed by Millicom or its subsidiaries in order to reduce Millicom’s debt .

Details of the Takeover Offer

The tender offer ends on December at 11:59 p.m. New York time 5, 2022, unless extended or earlier terminated by Comcel in its sole discretion (such time and date, if extendable, the “Expiry Time”). In order for Noteholders to be entitled to receive the Total Consideration (as defined below) for their…