The proceeds from the offering are intended to be used by the company for refinancing its debt and/or as a substitute for bank financing for the payment of dividend resulting from a planned capital reduction of between ILS1bn and ILS1.4bn in 2010.

The Series B notes will not be linked (principal and interest) to any currency or index. The principal amount of Series B notes is expected to be repayable in four equal annual instalments between 2012 and 2015 and to bear interest at an annual rate of 5.5% until the listing of the notes for trade on the Tel Aviv Stock Exchange (TASE). A The Series C notes will be linked (principal and interest) to increases to the Israeli consumer price index. The principal amount of Series C notes is expected to be repayable in four equal annual instalments between 2013 and 2016 and to bear interest at an annual rate of 4% until the listing of the notes for trade on the TASE. A (USD1=ILS3.79)

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Shareholders are referred to the company's website for more information regarding our directors.

About Partner Communications

Partner Communications Company Ltd. ("Partner") is a leading Israeli provider of telecommunications services (cellular, fixed-line telephony and internet services) under the orange(TM) brand. The Company provides mobile communications services to 2.944 million subscribers in Israel (as of June 30, 2009). Partner's ADSs are quoted on the NASDAQ Global Select Market(TM) and its shares are traded on the Tel Aviv Stock Exchange (NASDAQ and TASE: PTNR).

Partner is a subsidiary of Scailex Corporation Ltd. ("Scailex"). Scailex's shares are traded on the Tel Aviv Stock Exchange under the symbol SCIX and quote on "Pink Quote" under the symbol SCIXF.PK. Scailex currently operates in three major domains of activity: 1) financial assets management and entrepreneurship, 2) the sole import, distribution and maintenance of Samsung mobile handset products primarily to the three major cellular operators in Israel, and 3) distribution and sale of various manufacturers' mobile handsets, accessories and maintenance services, through a chain of retail stores and booths ("Dynamic"), to end customers of Cellcom Israel Ltd. ("Cellcom"). As part of the acquisition of the controlling stake in Partner, Scailex announced to Cellcom the termination of the distribution agreement through Dynamic, effective July 1, 2010.

For more information about Scailex, see http://www.scailex.com/.

For more information about Partner, see http://www.orange.co.il/investor_site/.

SOURCE: Partner Communications Company Ltd.

Partner Communications 
Mr. Emanuel Avner 
Chief Financial Officer 
Tel: +972-54-7814951 
Fax: +972-54-7815961 
E-mail: emanuel.avner@orange.co.il 
or 
Mr. Oded Degany 
V. P. Corporate Development, Strategy and IR 
Tel: +972-54-7814151 
Fax: +972-54 -7814161 
E-mail: oded.degany@orange.co.il

Announcement (September 21, 2009):

Partner Communications has submitted an offer to acquire 100% of the issued and outstanding shares of MIRS from Motorola Israel.

Deal Type    Acquisition
Sub-Category 100% Acquisition
Deal Status  Terminated: 2009-10-01

Deal Participants

Target (Company)   MIRS Communications, Ltd.
Acquirer (Company) Partner Communications Company, Ltd.
Vendor (Company)   Motorola Israel, Ltd.

About Partner Communications

Partner Communications Company Ltd. ("Partner") is a leading Israeli provider of telecommunications operator (cellular, fixed-line telephony and Internet Services Provider) under the orange(TM) brand. The Company provides mobile communications services to 2.944 million subscribers in Israel (as of June 30, 2009). Partner's ADSs are quoted on the NASDAQ Global Select Market(TM) and its shares are traded on the Tel Aviv Stock Exchange (NASDAQ and TASE: PTNR).

Partner is a subsidiary of Hutchison Telecommunications International Limited ("Hutchison Telecom"), a leading global provider of telecommunications services. Hutchison Telecom currently offers mobile and fixed line telecommunications services in Israel, and operates mobile telecommunications services in Thailand, Sri Lanka, Vietnam and Indonesia. It was the first provider of 3G mobile services in Israel and operates brands including "Hutch", "3" and "orange". Hutchison Telecom, a subsidiary of Hutchison Whampoa Limited, is a listed company with American Depositary Shares quoted on the New York Stock Exchange under the ticker "HTX" and shares listed on the Stock Exchange of Hong Kong under the stock code "2332". For more information about Hutchison Telecom, see www.htil.com.

For more information about Partner, see http://www.orange.co.il/investor_site/

SOURCE: Partner Communications Company Ltd.

Partner Communications Company Ltd. 
Mr. Emanuel Avner 
Chief Financial Officer 
Tel: +972-54-7814951 
Fax: +972-54-7815961 
E-mail: emanuel.avner@orange.co.il 
or 
Mr. Oded Degany 
V. P. Corporate Development, Strategy and IR 
Tel: +972-54-7814151 
Fax: +972-54 -7814161 
E-mail: oded.degany@orange.co.il