Millicom International Cellular proposes addition of José Miguel García Fernández to its Board of Directors

– LUXEMBOURG, Leudelange – Millicom (STO:MIC and OTC:MIICF), the international telecommunications and media company, has been informed by the Nomination Committee that in addition to the presented proposals it proposes the election of José Miguel García Fernández as new Director of the Board. The Annual General Meeting will be held on 17 May, 2016.

On 11 March, 2016, the Nomination Committee of Millicom presented its proposals to the Annual General Meeting. The Nomination Committee proposed the election of Tom Boardman, Janet Davidson and Simon Duffy as new Board Directors and the re-election of current Board Directors Odilon Almeida, Tomas Eliasson, Lorenzo Grabau and Alejandro Santo Domingo. Further, Tom Boardman was proposed as new Chairman of the Board. Anders Borg, Paul Donovan, Dame Amelia Fawcett and Cristina Stenbeck have decided not to seek re-election.

The Nomination Committee has decided to propose an additional person, José Miguel García Fernández, to be elected as new Director of the Board.

José Miguel García Fernández recently stepped down as Co-Chief Executive Officer of Orange España. Between 2006 and 2015 he was CEO of the Spanish telecommunications operator Jazztel, and he held various managerial positions within Cable & Wireless from 2000-2006 including CEO of UK & Ireland as well as of Panama. Jose is a Spanish national with a BSc in Electrical & Electronic Engineering and Postgraduate in Digital Telecommunications from Monash University.

The Chairman of the Nomination Committee, Lorenzo Grabau, commented: “The Nomination Committee is pleased to nominate José Miguel García Fernández as new Director of Millicom. José Miguel will bring relevant experience as an entrepreneurial Chief Executive Officer within the telecommunications and cable sectors. His international background will also further broaden the Board’s global perspective and understanding of the dynamics of the markets in which Millicom operates.”

The Nomination Committee’s full proposals and the motivations thereof are presented in the notice convening Millicom’s Annual General Meeting. The Nomination Committee comprises Cristina Stenbeck as Chairman of the Board of Directors, Lorenzo Grabau appointed by Investment AB Kinnevik, Mathias Leijon appointed by Nordea Investment Funds, and Marianne Nilsson appointed by Swedbank Robur fonder.

About Millicom

Millicom is a leading telecom and media company dedicated to emerging markets in Latin America and Africa. Millicom sets the pace when it comes to providing innovative and customer-centric digital lifestyle services to the world’s emerging markets. The Millicom Group employs more than 16,000 people and provides mobile services to over 62 million customers. Founded in 1990, Millicom International Cellular SA is headquartered in Luxembourg and listed on Nasdaq Stockholm under the symbol MIC. In 2015, Millicom generated revenue of USD 6.73 billion and Adjusted EBITDA of USD 2.27 billion.

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