Partner Communications Reports the Interest Rate for the Series D Notes for the Period Commencing on October 1, 2016 and Ending on December 30, 2016

ROSH HA'AYIN, Israel--()--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 0.322% for the period commencing on October 1, 2016 and ending on December 30, 2016.

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 0.087% and the fixed annual margin for the Series D Notes at a rate of 1.20%, representing a total annual interest rate of 1.287%.

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

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 "Partner" and "012 Smile" brands. 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.partner.co.il/en/Investors-Relations/lobby/

Contacts

Partner Communications Company Ltd.
Mr. Ziv Leitman, +972-54-781-4951
Chief Financial Officer
or
Ms. Liat Glazer Shaft, +972-54-781-5051
Head of Investor Relations & Corporate Projects
investors@partner.co.il

Contacts

Partner Communications Company Ltd.
Mr. Ziv Leitman, +972-54-781-4951
Chief Financial Officer
or
Ms. Liat Glazer Shaft, +972-54-781-5051
Head of Investor Relations & Corporate Projects
investors@partner.co.il