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Partner Communications announces Company Rating "A" awarded by Maalot

Rosh Ha'ayin, Israel, 31 August 2003, Partner Communications Ltd. (NASDAQ, Tel Aviv: PTNR, London: PCCD) announces that Maalot, The Israel Securities Rating Company Ltd., strategic partner of Standard & Poor's, has awarded Partner an "A" rating.

Alan Gelman, Partner's CFO, said that the rating awarded the company by Maalot is further evidence of the confidence of the financial community in the Company's financial strength, its profitability, steady cash flow, and its debt service capabilities.

About Partner Communications

Partner Communications Company Ltd. is a leading Israeli mobile communications operator known for its GSM/GPRS based services and the development of wirefree applications under the preferred orangeTM brand. The Company commenced full commercial operations in January 1999 and, through its network, provides quality of service and a range of features to approximately two million subscribers in Israel. Partner subscribers can use roaming services in 117 destinations using 263 GSM networks. The Company was awarded a 3G license in 2002. Partner's ADSs are quoted on NASDAQ under the symbol PTNR and on the London Stock Exchange (LSE) under the symbol PCCD. Its shares are quoted on the Tel Aviv Stock Exchange (TASE) under the symbol PTNR. For further information please visit:

Dr. Dan Eldar
V.P. Carrier, International and Investor Relations
Tel: +972 67 814151
Fax: +972 67 814161