Atlas LuxCo 4 S.à r.l. non-binding expression of interest to acquire remaining 70.82% stake in Millicom International Cellular S.A. (NasdaqGS:TIGO) from group of shareholders for $2.94 billion on May 23, 2024. The Offers value Millicom, based on all outstanding 171,255,664 Shares, at approximately $4.1 billion. The total value of the Offers, based on the 121,288,930 outstanding Shares in Millicom, which are not directly or indirectly owned by Atlas or its closely related parties, amounts to approximately $2.9 billion. Shareholders are being offered $24.00 per Common Share and $24.00 per SDR. Currently, Atlas holds 49,966,734 Shares (composed entirely of SDRs) in Millicom, which corresponds to approximately 29.0332% of the share capital and the total number of votes in Millicom. The Common Shares are listed on the Nasdaq Stock Market (?Nasdaq US?) and the SDRs are listed on Nasdaq Stockholm, Large Cap (?Nasdaq Stockholm?). The consideration payable in respect of the Offers is financed in full through funds provided by BNP Paribas, Crédit Agricole Corporate and Investment Bank, JPMorgan Chase Bank, N.A., London Branch, J.P. Morgan SE, Natixis and Société Générale under the debt commitment letters and related interim facilities agreement. Following completion of the Offers, If the conditions for completion of the Offers are satisfied and the Offers are successful, the Purchaser currently intends to cause the delisting of the Common Shares from Nasdaq US as promptly as practicable after the consummation of the Offers, as permitted by applicable law and the rules of Nasdaq US. Atlas has been informed that the Millicom Board has established an Independent Bid Committee consisting entirely of directors independent from the Purchaser and the Parent. As of the date of this announcement, the Millicom Board, through the Independent Bid Committee, has not made a formal recommendation regarding the Offers and has not stated whether the Offers, as outlined in the Offer to Purchase, which is expected to be made public on or around July 1, 2024. The Offers Purchaser will have the right to exercise Takeover Squeeze-Out in accordance with the Luxembourg Takeover Law to acquire all remaining Shares in Millicom, in the event Purchaser, in connection with the Offers or otherwise, has acquired securities representing not less than 95%.

The completion of the Offers is conditional upon the Offers being accepted to such extent that Atlas becomes the owner of Shares representing 95% or more of the Shares in Millicom, no other party announcing an offer to acquire Shares on terms that are more favorable to the Shareholders than the, with respect to the Offers and completion of the acquisition of Millicom, receipt of all necessary regulatory, governmental or similar clearances, approvals, decisions and other actions from authorities or similar, including from competition authorities, being obtained, in each case on terms which, in Atlas? opinion, are acceptable, neither the Offers nor the acquisition of Millicom being rendered wholly or partially impossible or significantly impeded as a result of legislation or other regulation, any decision of a court or public authority, or any similar circumstance; no circumstances having occurred which could have a material adverse effect or could reasonably be expected to have a material adverse effect on Millicom?s financial position or operations, including Millicom?s sales, results, liquidity, equity ratio, equity or assets; no information made public by Millicom, or otherwise made available to Atlas by Millicom, being inaccurate, incomplete or misleading, and Millicom having made public all information which should have been made public; and Millicom not taking any action that is likely to impair the prerequisites for making or completing the Offers. The Offer Period will start on July 1, 2024 and end on August 16, 2024. The Estimated date of settlement is on or around August 29, 2024. As of July 3, 2024, Atlas beneficially owned 49,966,734 SDRs, which may be exchanged for Common Shares on a one-for-one basis.

Morgan Stanley & Co. International plc and Goldman Sachs International are acting as financial advisors to Millicom and The independent committee. The legal advice from Davis Polk & Wardwell LLP and Nord Advokater and Advokatfirman Lindahl to Millicom. BNP Paribas S.A., Crédit Agricole Corporate and Investment Bank, J.P. Morgan Securities plc, J.P. Morgan Securities LLC, Lazard Frères S.A.S. and Société Générale are acting as financial advisors to Atlas Investissement S.A.S.(Parent Financial Advisors) and Handelsbanken is acting as financial advisor to Atlas. Skadden, Arps, Slate, Meagher & Flom LLP, Roschier Advokatbyrå AB and Arendt & Medernach SA are legal advisors to Atlas and Atlas Investissement S.A.S. in connection with the Offers. D.F. King & Co., Inc. and D.F. King (Europe) Limited to act as the Information Agent, Broadridge Corporate Issuer Solutions, LLC to act as the US Tender Agent, and Handelsbanken Issue Department to act as the Swedish Settlement Agent to Atlas. Fees for Information Agent is $0.065 million, US Tender Agent is $0.0125 million, Swedish Settlement Agent is $0.44 million, Legal Fees is $16 million, Parent Financial Advisors is $90 million,