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Partner Communications Reports the Interest Rate for the Series D Notes for the Period Commencing on December 31, 2012 and



  Partner Communications Reports the Interest Rate for the Series D Notes for
  the Period Commencing on December 31, 2012 and Ending on March 30, 2013

Business Wire

ROSH HA'AYIN, Israel -- January 3, 2013

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
to date, and the Supplemental Shelf Offering Report dated April 15, 2010, as
amended to date (the "Offering Report"), that the Company's Series D Notes
will bear interest at a rate of 0.7385% for the period commencing on December
31, 2012 and ending on March 30, 2013.

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
1.754% and the fixed annual margin for the Series D Notes at a rate of 1.20%,
representing a total annual interest rate of 2.954%.

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 Company's 2011 Annual Report (20-F)
filed with the SEC on March 22, 2012, as amended on March 26, 2012. 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 orange™ brand. The Company provides mobile communications
services to around three million subscribers in Israel. Partner’s ADSs are
quoted on the NASDAQ Global Select Market™ and its shares are traded on the
Tel Aviv Stock Exchange (NASDAQ and TASE: PTNR).

Partner provides international long distance services, internet services and
local telecommunication fixed-line services (including telephony services
using VOB) under the 012 Smile brand. 012 Smile is a wholly owned subsidiary
of Partner Communications acquired by Partner Communications on March 3, 2011
(For further details see the press release dated March 3, 2011).

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/en/Investors-Relations/lobby/

Contact:

Mr. Ziv Leitman
Chief Financial Officer
Tel: +972-54-7814951
E-mail: investors@orange.co.il
or
Ms. Yaffa Cohen-Ifrah
Head of Investor Relations
Tel: +972 54 909 9039
E-mail: Yaffa.cohenifrah@orange.co.il
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