Annual report and accounts 2008

Notes contents

Notes to the consolidated financial statements
As of December 31, 2008, 2007 and 2006

31.Subsequent events

Appointment of Mikael Grahne to Chief Executive Officer

On March 2, 2009, Millicom announced that the Board appointed Mikael Grahne to succeed Marc Beuls as President and Chief Executive Officer (CEO).

Mikael Grahne has been the Chief Operating Officer of Millicom since February, 2002 and has been responsible for the development of Millicom´s operational strategies, including the development of the Tigo brand.

Purchase of partners´ shareholding in of Navega.com S.A.

On March 13, 2009, Millicom announced that its operation in Guatemala acquired the remaining 55% interest in Navega.com S.A. (see note 17) for a consideration of $90 million, that will be financed through local borrowings.

Purchase of partners’ shareholding in Millicom Tchad S.A.

On March 13, 2009, Millicom announced that it has reached an agreement on the purchase of the remaining 12.5% interest in Millicom Tchad S.A for an initial consideration of $8 million, that will be paid cash.