Partner Communications Announces Upgrade of Its Bonds Rating To ´Aa2´ With a Positive Outlook Awarded by Midroog

Partner Communications Company Ltd. ("Partner") (Nasdaq:
PTNR)(LSE:PCCD)(TASE:PTNR), a leading Israeli mobile communications
operator, announces that Midroog Ltd., an affiliate of Moody´s
Investors Service, announced the upgrade of Partner´s series A bonds
rating outlook to "Aa2/Positive".

In its report, Midroog stated that: "the positive outlook was
awarded based on the improvement of the company´s financial results
and its coverage ratio."

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 2.796
million subscribers in Israel (as of September 30, 2007). Partner´s
ADSs are quoted on the NASDAQ Global Select Market(TM) and the London
Stock Exchange. Its shares are also traded on the Tel Aviv Stock
Exchange (NASDAQ and TASE: PTNR; LSE: PCCD).

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
www.orange.co.il/investor_site/.