Millicom's Nomination Committee Proposes Changes to the Board of Directors and an Extraordinary General Meeting will be Convened

LEUDELANGE, Luxembourg, Nov 22, 2018 /PRNewswire/ -- Millicom announced today that its Nomination Committee, ahead of the company's U.S. listing, proposes the election of Pernille Erenbjerg and James Thompson as new Directors of the Board of Millicom in replacement of Tom Boardman and Anders Jensen, and proposes the election of José Antonio Rios García as new Chairman of the Board. In addition, the shareholders that have appointed members to the Nomination Committee will request the convening of an Extraordinary General Meeting to resolve on the aforementioned proposals.

After the Extraordinary General Meeting has resolved on the proposed changes, Millicom's Board of Directors will consist of José Antonio Rios García as Chairman, Odilon Almeida, Janet Davidson, Tomas Eliasson, Lars-Åke Norling, Roger Solé Rafols, Pernille Erenbjerg and James Thompson.

Pernille Erenbjerg is the outgoing President and Group Chief Executive Officer of TDC, the leading provider of integrated communications and entertainment solutions in Denmark and Norway, a position from which she will resign during December 2018. Before being appointed President and Group Chief Executive Officer, Pernille served as TDC's Chief Financial Officer and as Executive Vice President of Corporate Finance. Pernille currently serves on the Boards of Nordea, the largest financial services group in the Nordic region, and Genmab, the Danish international biotechnology company. Pernille holds a MSc in Business Economics and Auditing from Copenhagen Business School.

James Thompson, CFA, is a Managing Principal at Kingfisher Family Office, where he manages a portfolio focused on value-oriented investment strategies. Previously, James was a Managing Principal at Southeastern Asset Management, where he was responsible for the operations of the firm and was a senior member of the investment team that was responsible for firm-wide investment decisions. Between 2001 and 2006, James opened and managed Southeastern Asset Management's London research office. James holds an MBA from Darden School at the University of Virginia, and a Bachelor's degree in Business Administration from the University of North Carolina.