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Transaction highlights Acquiring remaining 45% in Tigo Guatemala for $2.2b in cash Accretive to EFCF and net income - adds ~$200m to 2021 EFCF 1,2 Financing through long-term debt and equity rights offering Leverage expected at 3.1x, maintaining deleveraging targets Attractive valuation 1) Non-IFRS measure. Please refer to the non-IFRS disclosures in this presentation for a description of non-IFRS measures. A reconciliation of non-IFRS measures to the nearest equivalent IFRS measures is available at millicom.com/investors/reporting-center. 2) EFCF is after leases and before incremental financing costs based on 2021 forecasts. 4

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