Millicom's Governance Framework Proposal

March 17, 2025 - Stockholm, Sweden

Millicom's Nomination Committee Proposes Board of Directors

Millicom International Cellular S.A. (Millicom), a leading provider of cable and mobile services, announced today that its Nomination Committee has proposed a slate of candidates for the Board of Directors.

The Nomination Committee, comprising representatives from the company's largest shareholders, has proposed the following candidates for election to the Board:

• Stéphane Poussin, current Chairman of the Board, who has been a director since 2014.
• Muriel Ivey, a seasoned executive with experience in the telecommunications and media industries.
• David Doherty, a financial expert with a strong background in corporate governance.
• Rakesh Bharti, a seasoned business leader with experience in the technology and telecommunications sectors.

The Nomination Committee has also proposed the re-election of the following incumbent directors:

• Ahmed Hashim, CEO of Millicom since 2018.
• Jan Stjernquist, a long-time director with extensive experience in the industry.

The proposed slate of candidates is designed to bring a diverse range of skills and expertise to the Board, ensuring that the company remains well-positioned to capitalize on emerging trends and opportunities in the rapidly evolving telecommunications and media landscape.

The election of the Board of Directors is scheduled to take place at the company's Annual General Meeting, which is expected to be held in May 2025. Shareholders will have the opportunity to vote on the proposed slate of candidates at that time.

Millicom's Nomination Committee is committed to ensuring that the company's Board of Directors is comprised of individuals who possess the skills, expertise, and commitment to drive the company's continued success and growth.