Millicom International Cellular S.A.: EGM Resolutions Approved


BERTRANGE, Luxembourg, May 27, 2003 (PRIMEZONE) -- An Extraordinary General Meeting (EGM) of shareholders of Millicom International Cellular S.A. ("the Company") (Nasdaq:MICC), was held today, Tuesday, May 27, 2003, at Chateau de Septfontaines, 330 rue de Rollingergrund, Luxembourg, Grand Duchy of Luxembourg.

All of the resolutions on the agenda proposed to shareholders, which were published in a press release on May 9, 2003, were approved.

Millicom International Cellular S.A. is a global telecommunications investor with cellular operations in Asia, Latin America and Africa. It currently has a total of 16 cellular operations and licenses in 15 countries. The Group's cellular operations have a combined population under license (excluding Tele2) of approximately 382 million people. In addition, MIC provides high-speed wireless data services in five countries. MIC also has a 6.0% interest in Tele2 AB, the leading alternative pan-European telecommunications company offering fixed and mobile telephony, data network and Internet services to 17.7 million customers in 22 countries. The Company's shares are traded on the Luxembourg Bourse and the Nasdaq Stock Market under the symbol MICC.

This press release may contain certain "forward-looking statements" with respect to Millicom's expectations and plans, strategy, management's objectives, future performance, costs, revenues, earnings and other trend information. It is important to note that Millicom's actual results in the future could differ materially from those anticipated in forward-looking statements depending on various important factors. Please refer to the documents that Millicom has filed with the U.S. Securities and Exchange Commission under the U.S. Securities Exchange Act of 1934, as amended, including Millicom's most recent annual report on Form 20-F, for a discussion of certain of these factors.

All forward-looking statements in this press release are based on information available to Millicom on the date hereof. All written or oral forward-looking statements attributable to Millicom International Cellular S.A., any Millicom International Cellular S.A members or persons acting on Millicom's behalf are expressly qualified in their entirety by the factors referred to above. Millicom does not intend to update these forward-looking statements.


 Millicom International Cellular S.A., Luxembourg 
 Marc Beuls, President and Chief Executive Officer
 Telephone: +352 27 759 101

 Shared Value Ltd, London
 Andrew Best, Investor Relations
 Telephone: +44 20 7321 5022

              Visit our web site at http://www.millicom.com

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http://www.waymaker.net/bitonline/2003/05/27/20030527BIT00700/wkr0001.doc

http://www.waymaker.net/bitonline/2003/05/27/20030527BIT00700/wkr0002.pdf