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Partner Communications Announces Upgrade of its Bonds Rating to 'AA-' With a Positive Outlook Awarded by Maalot


    Partner Communications Company Ltd. ("Partner")
    (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, announced
    the upgrade of Partner's series A bonds rating outlook to
    "AA-/Positive".

    In its report, Maalot stated that: "Partner's positive rating
    outlook is based on the high and stable business positioning of the
    Company and on the Maalot assessment that the Company will continue to
    present high cash flows in the future as well. Maintaining financial
    ratios after number portability implementation, which are not
    significantly different from those presented in the financial reports
    today, might positively impact the bond rating. The rating outlook
    might be adversely affected to the extent that the impact of number
    portability is higher than expected by Maalot or as a result of other
    legal or regulatory changes."

    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 provides quality service and a range of features to 2.733
    million subscribers in Israel (as of June 30, 2007). Partner's ADSs
    are quoted on the NASDAQ Global Select Market(TM) (NASDAQ: PTNR) and
    the London Stock Exchange (LSE: PCCD). Its shares are also traded on
    the Tel Aviv Stock Exchange (TASE: PTNR).

    Partner is a subsidiary of Hutchison Telecommunications
    International Limited ("Hutchison Telecom"), a leading global provider
    of telecommunications services. Hutchison Telecom currently offers
    mobile and fixed line telecommunications services in Hong Kong, and
    operates mobile telecommunications services in Israel, Macau,
    Thailand, Sri Lanka, Ghana, Vietnam and Indonesia. It was the first
    provider of 3G mobile services in Hong Kong and Israel and operates
    brands including "Hutch", "3" and "orange". Hutchison Telecom, a
    subsidiary of Hutchison Whampoa Limited, is a listed company with
    American Depositary Shares quoted on the New York Stock Exchange under
    the ticker "HTX" and shares listed on the Stock Exchange of Hong Kong
    under the stock code "2332". For more information about Hutchison
    Telecom, see www.htil.com.

    For more information about Partner, see
    http://www.orange.co.il/investor_site/