Millicom International Cellular (TIGO) announces new shareholder remuneration policy

Millicom International Cellular (NASDAQ: TIGO) has approved a new shareholder remuneration policy under which it proposes to:

· resume regular cash dividends;

· sustain or grow cash dividends every year; and

· maintain a prudent capital structure, with a long-term leverage target range of 2.0-2.5x

With this policy, the Board aims to return capital to shareholders from the cashflow generation of the Company in a consistent and prudent manner that reflects the capital-intensive and highly-regulated nature of the business, as well as the Latin American region’s elevated political and macroeconomic volatility.

Following the interim dividend of $1.00/share paid on January 10, the Board intends to approve an additional interim dividend, after Millicom publishes its Q4 2024 results, as follows:

· $0.75/share to be paid in April 2025

Furthermore, the Board intends to propose for the approval of the Annual General Meeting of its shareholders to be held in Luxembourg on May 21, 2025, a dividend of $3.00 per share payable in four equal quarterly installments, as follows:

· $0.75/share in July, 2025

· $0.75/share in October, 2025

· $0.75/share in January, 2026

· $0.75/share in April, 2026

Regulatory Statement

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