Millicom (Tigo) share repurchase activity

$TIGO
Telecommunications Equipment
Telecommunications
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Millicom (Tigo) share repurchase activity

Luxembourg, January 13, 2025 - Pursuant to the share repurchase program announced on November 29, 2024, Millicom repurchased 400,821 of its Swedish Depository Receipts (SDRs) and 146,632 of its common shares between January 6, 2025, and January 10, 2025, as detailed in the table below.

Exchange Nasdaq Stockholm Nasdaq Stock Market
Trade Date Number of SDRs repurchased Average price paid* (SEK) Repurchase amount* (SEK) Number of shares repurchased Average price paid* (USD) Repurchase amount* (USD)
2025-01-06       36 700 24.9620 916 105
2025-01-07 101 821 273.0227 27 799 444 36 700 25.0157 918 076
2025-01-08 100 000 277.3668 27 736 680 36 532 24.7171 902 965
2025-01-09 99 000 275.0214 27 227 119      
2025-01-10 100 000 267.0256 26 702 560 36 700 23.9353 878 426

* Excluding commissions

All purchases were carried out on Nasdaq Stockholm and on the Nasdaq Stock Market by Citigroup Global Markets Limited and Citigroup Global Markets Inc. respectively, on behalf of Millicom. Following the repurchases, Millicom held 2,519,830 treasury shares as of January 10, 2025. The total number of shares outstanding in Millicom is 172,096,305.  The repurchase program is being executed consistent with the provisions of Article 5 of MAR and the Commission Delegated Regulation No 2016/1052 ("Safe Harbour Regulation"). Further information about SDR  repurchases is available on Nasdaq Stockholm's website:

https://www.nasdaq.com/european-market-activity/news/corporate-actions/repurchase-of-own-shares

-END-

For further information, please contact:

Press:

Sofía Corral, Director Corporate Communications

press@millicom.com
Investors:

Michel Morin, VP Investor Relations

investors@millicom.com

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.



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