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

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

Business Wire

ROSH HA'AYIN, Israel -- April 4, 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 0.713% for the period commencing on March 31, 2013 and
ending on June 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
1.652% and the fixed annual margin for the Series D Notes at a rate of 1.20%,
representing a total annual interest rate of 2.852%.

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, plans to 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 further information regarding of some of the risks we face,
see "Item 3. Key Information - 3D. Risk Factors", "Item 4. Information on the
Company", "Item 5. Operating and Financial Review and Prospects", "Item 8.
Financial Information - 8A. Consolidated Financial Statements and Other
Financial Information – 8A.1 Legal and Administrative Proceedings" and "Item
11. Quantitative and Qualitative Disclosures about Market Risk" in the
Company's 2012 Annual Report (20-F) filed with the SEC on March 19, 2013. 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 and the 012 Smile brand. The Company
provides mobile communications services to over 3 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).

For more information about Partner, see:
http://www.orange.co.il/en/Investors-Relations/lobby/

Contact:

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