Liberty Latin America Confirms Discussions with Millicom

Denver, Colorado – January 14, 2019: Liberty Latin America Ltd. ("Liberty Latin America" or "LLA") (NASDAQ: LILA and LILAK, OTC Link: LILAB) notes the statement issued today by Millicom International Cellular S.A. (“Millicom”) and confirms that it has submitted a preliminary, highly-conditional,non-binding proposal regarding a possible transaction. There can be no assurance that any transaction will proceed or what the deal terms would be.

Liberty Latin America’s Board regularly evaluates all options to serve the best interests of the Company and its shareholders and will continue to do so. We do not intend to make any further comment until such time as a definitive decision has been made.