Partner Communications Reports The Interest Rate For The Series D Notes For The Period Commencing On October 1, 2012 And Ending On December 30, 2012

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. 8525% for the period commencing on October 1, 2012 and ending on December 3 0, 2012.

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. 21% and the fixed annual margin for the Series D Notes at a rate of 1.20%, representing a total annual interest rate of 3. 41%.

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.

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