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Partner Communications Announces Bonds Rating ''AA-'' with a Stable Outlook Awarded by Maalot


    Partner Communications Company Ltd.
    (Nasdaq:PTNR)(LSE:PCCD)(TASE:PTNR), a leading Israeli mobile
    communications operator, announces that Maalot, The Israel Securities
    Rating Company Ltd., strategic partner of Standard & Poor's, has
    awarded Partner's bonds an "AA-" rating with a stable outlook.

    According to Maalot: "Partner's rating is primarily based on the
    following factors: branding of the Company as a technology and service
    leader; the highest ARPU; the ability to maintain in recent years a
    stable market share of 32%; the highest number of 3G cellular
    subscribers in the market; the superb management quality; and high
    financial positioning, reflected in the level of cash flow and in high
    profitability. These positive factors are partially offset by the high
    regulatory level in the market and by the exposure of the market to
    claims of damage to the environment."

    About Partner Communications

    Partner Communications Company Ltd. (Partner) is a leading Israeli
    mobile communications operator providing GSM / GPRS / UMTS / HSDPA
    services and wire free applications under the orange(TM) brand. The
    Company commenced full commercial operations in January 1999 and,
    through its network, provides quality service and a range of features
    to 2.668 million subscribers in Israel. The Company launched its 3G
    service in 2004. Partner's ADSs are quoted on The NASDAQ Global Select
    Market(TM) and on the Tel Aviv Stock Exchange under the symbol PTNR.
    The shares are also traded on the London Stock Exchange under the
    symbol PCCD.

    Partner is a subsidiary of Hutchison Telecommunications
    International Limited (Hutchison Telecom). Hutchison Telecom is a
    leading listed telecommunications operator (SEHK: 2332; NYSE: HTX)
    focusing on dynamic markets. It currently offers mobile and fixed-line
    telecommunication services in Hong Kong, and operates or is rolling
    out mobile telecommunication services in India, Israel, Macau,
    Thailand, Sri Lanka, Ghana, Indonesia and Vietnam.

    For more information about Partner, see
    www.investors.partner.co.il