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Partner Communications Reports the Interest Rate for the Series D Notes for the Period Commencing on July 1, 2010 and Ending on

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^{Published in Science and Technology on Monday, August 2nd 2010 at 3:40 GMT by Market Wire}  

ROSH HA'AYIN, Israel--([ BUSINESS WIRE ])--Partner Communications Company Ltd. ("Partner" or the "Company") (NASDAQ:PTNR)(TASE:PTNR), a leading Israeli communications operator,reports, pursuant to the Company's Shelf Prospectus dated September 3, 2009, as amended on May 23, 2010 and the Supplemental Shelf Offering Report dated April 15, 2010, as amended on April 21, 2010 (the "Offering Report"), that the Company's Series D Notes will bear interest at a rate of 0.822% for the period commencing on July 1, 2010 and ending on September 30, 2010.

"Item 8A. - Consolidated Financial Statements and Other Financial Information - Legal and Administrative Proceedings"

Such interest rate is based on an annual yield of short term debt issued by the State of Israel ('Makam') (as defined in the Offering Report) at a rate of 2.088% and the fixed annual margin for the Series D Notes at a rate of 1.20%, representing a total annual interest rate of 3.288%.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933, as amended, Section 21E of the US Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. Words such as "believe", "anticipate", "expect", "intend", "seek", "will", "plan", "could", "may", "project", "goal", "target" and similar expressions often identify forward-looking statements but are not the only way we identify these statements. All statements other than statements of historical fact included in this press release regarding our future performance, plans to increase revenues or margins or preserve or expand market share in existing or new markets, reduce expenses and any statements regarding other future events or our future prospects, are forward-looking statements.

We have based these forward-looking statements on our current knowledge and our present beliefs and expectations regarding possible future events. These forward-looking statements are subject to risks, uncertainties and assumptions about Partner, consumer habits and preferences in cellular telephone usage, trends in the Israeli telecommunications industry in general, the impact of current global economic conditions and possible regulatory and legal developments. For a description of some of the risks we face, see "Item 3D. Key Information - Risk Factors", "Item 4 - Information on the Company", "Item 5 - Operating and Financial Review and Prospects", "Item 8A. - Consolidated Financial Statements and Other Financial Information - Legal and Administrative Proceedings" and "Item 11. Quantitative and Qualitative Disclosures about Market Risk" in the form 20-F filed with the SEC on March 22, 2010. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur, and actual results may differ materially from the results anticipated. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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 orangea" brand. The Company provides mobile communications services to over 3 million subscribers in Israel (as of March 31, 2010).Partnera™s ADSs are quoted on the NASDAQ Global Select Marketa" and its shares are traded on the Tel Aviv Stock Exchange (NASDAQ and TASE: PTNR).

Partner is an approximately 45%-owned subsidiary of Scailex Corporation Ltd. ("Scailex"). Scailex's shares are traded on the Tel Aviv Stock Exchange under the symbol SCIX and are quoted on "Pink Quote" under the symbol SCIXF.PK. Scailex currently operates in two major domains of activity in addition to its holding in Partner: (1) the sole import, distribution and maintenance of Samsung mobile handset and accessories products primarily to the major cellular operators in Israel (2) management of its financial assets.
For more information about Scailex, see [ http://www.scailex.com ].
For more information about Partner, see [ http://www.orange.co.il/investor_site ].