Notification of transaction by a closely associated person of a Director of Millicom (Tigo)

Rhea-AI Summary

Millicom (Tigo) has announced that Atlas S.A.S., a company closely associated with board member Jules Niel, acquired Millicom Swedish Depository Receipts (SDRs) on March 14, 2025, through transactions on Nasdaq Stockholm.

The acquisition was executed through an investment bank mandate to ensure individuals making investment decisions had no access to material non-public information. While Jules Niel holds no direct shares in Millicom, he is part of the Niel family group that beneficially owns Atlas. The transaction details are available on Millicom's website in the personal trading section.

Positive

• Board-associated entity showing confidence through market purchase of company shares

Negative

• None.

Notification of transaction by a closely associated person of a Director of Millicom (Tigo)

Luxembourg, March 17, 2025 – Millicom International Cellular S.A. ("Millicom") announces that, on March 14, 2025, Atlas S.A.S. (”Atlas”) a person closely associated (”PCA”) with Jules Niel, a member of Millicom’s Board of Directors, informed that it acquired Millicom Swedish Depository Receipts (SDRs)in Nasdaq Stockholm as follows (the “Acquisition”):

Date	Price per unit	Volume (units)
11 March 2025	299.23 SEK	190,000
12 March 2025	297.26 SEK	200,000
13 March 2025	299.75 SEK	285,067
14 March 2025	299.82 SEK	173,954

The Acquisition by Atlas was made via a mandate given to an investment bank to purchase SDRs on behalf and for the account of the PCA, ensuring that individuals making investment decisions do not have access to material non-public information.

Mr. Jules Niel does not directly hold any Millicom shares, but he is a member of the Niel family group, which beneficially own Atlas. Details of the transaction are recorded on the personal trading section of Millicom’s website.

For further information, please contact:

Press: Sofía Corral, Director Corporate Communications press@millicom.com

Investors: Michel Morin, VP Investor Relations investors@millicom.com

About Millicom

Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of fixed and mobile telecommunications services in Latin America. Through our TIGO® and Tigo Business® brands, we provide a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of December 31, 2024, Millicom, including its Honduras Joint Venture, employed approximately 14,000 people, and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint of about 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.

FAQ

What is the significance of Atlas S.A.S.'s recent acquisition of Millicom (TIGO) SDRs?

Atlas S.A.S., associated with board member Jules Niel, acquired TIGO SDRs on March 14, 2025, showing insider investment interest in the company.

How did Atlas S.A.S. execute its purchase of TIGO SDRs to ensure compliance?

The acquisition was made through an investment bank mandate to prevent access to non-public information by decision-makers.

What is Jules Niel's relationship with Atlas S.A.S. and TIGO?

Jules Niel is a TIGO board member with no direct shares but is part of the Niel family group that beneficially owns Atlas S.A.S.

Where can investors find details about the Atlas S.A.S. TIGO SDR transaction?

Transaction details are available in the personal trading section of Millicom's website.