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Partner Communications 2005 annual results

Company maintains revenue and EBITDA at 2004 level despite reduction in termination rates
103,000 3G subscribers at year end 2005
Board recommends cash dividend of NIS 0.65 per share

Rosh Ha'ayin, Israel, February 1, 2006 - Partner Communications Company Ltd. (NASDAQ and TASE: PTNR; LSE: PCCD), a leading Israeli mobile communications operator, today announced its results for the year and quarter ended December 31st 2005.

Partner reported revenues in 2005 of NIS 5,122.9 million (US$ 1,113.0 million), EBITDA of NIS 1,568.6 million (US$ 340.8 million), equivalent to 30.6% of total revenue, and net income of NIS 354.6 million (US$ 77.0 million) or NIS 2.17 per diluted ADS or share (US$ 0.47 per ADS or share).

For the fourth quarter of 2005, Partner reported revenues of NIS 1,259.3 million (US$ 273.6 million), EBITDA of NIS 364.5 million (US$ 79.2 million), and net income of NIS 83.3 million (US$ 18.1 million).

Partner also reported that its 3G subscriber base stood at over 103,000 at year-end 2005.

The board has resolved to recommend to the shareholders to authorize the distribution of a cash dividend in the amount of NIS 0.65 per share (totaling approximately NIS 100 million) to shareholders on record as of April 10, 2006. The dividend payment is subject to the approval of the Company's shareholders.