Cellcom Israel ltd. Announces Sale of a Small Portion of its Issued Share Capital by Controlling Shareholder

  Cellcom Israel ltd. Announces Sale of a Small Portion of its Issued Share
                      Capital by Controlling Shareholder

PR Newswire

NETANYA, Israel, February 12, 2013

NETANYA, Israel, February 12, 2013 /PRNewswire/ --

Cellcom Israel Ltd. ("Company") (NYSE: CEL) announced today that Discount
Investment Corporation Ltd., or DIC, the Company's controlling shareholder,
has informed the Company today that it sold in Israel to Israeli investors
approximately 1.69 million shares of the Company, constituting approximately
1.7% of the Company's issued share capital, for a total consideration of
approximately NIS 46 million in cash. Following the sale, DIC holds
approximately 41.9% of the Company's issued share capital (approximately 45.3%
of the Company's voting rights).

The shares have not been and will not be registered under the U.S. Securities
Act of 1933.Accordingly, the shares may not be offered or sold in the United
States absent registration or an applicable exemption from the registration
requirements of the Securities Act.

About Cellcom Israel

Cellcom Israel Ltd., established in 1994, is the leading Israeli cellular
provider; Cellcom Israel provides its approximately 3.338 million subscribers
(as at September 30, 2012) with a broad range of value added services
including cellular and landline telephony, roaming services for tourists in
Israel and for its subscribers abroad and additional services in the areas of
music, video, mobile office etc., based on Cellcom Israel's technologically
advanced infrastructure. The Company operates an HSPA 3.5 Generation network
enabling advanced high speed broadband multimedia services, in addition to
GSM/GPRS/EDGE networks. Cellcom Israel offers Israel's broadest and largest
customer service infrastructure including telephone customer service centers,
retail stores, and service and sale centers, distributed nationwide. Through
its broad customer service network Cellcom Israel offers technical support,
account information, direct to the door parcel delivery services, internet and
fax services, dedicated centers for hearing impaired, etc. Cellcom Israel
further provides through its wholly owned subsidiaries internet connectivity
services and international calling services, as well as landline telephone
communication services in Israel, in addition to data communication services.
Cellcom Israel's shares are traded both on the New York Stock Exchange (CEL)
and the Tel Aviv Stock Exchange (CEL). For additional information please visit
the Company's website http://www.cellcom.co.il

Company Contact
Yaacov Heen
Chief Financial Officer
investors@cellcom.co.il
Tel: +972-52-998-9755

Investor Relations Contact
Porat Saar
CCG Investor Relations Israel & US
cellcom@ccgisrael.com
Tel: +1-646-233-2161

SOURCE Cellcom Israel Ltd.