Partner Communications Announces Preparations for Entry into the Financial Services Sector and Publishes a Tender for the Launch of a Nonbank Consumer Credit Card Through One of the Credit Card Companies

ROSH HA’AYIN, Israel–(BUSINESS WIRE)–Partner Communications Company Ltd. (“Partner” or “the Company”)
(NASDAQ and TASE: PTNR), a leading Israeli communications operator,
announces
that further to the Company’s reports with respect to the examination of
new potential growth engines, among others, in the fintech and finance
industries and as part of its preparation for entry into the financial
services sector, Partner published today an invitation to receive offers
from credit card companies for the provision of services and the
establishment of a customer club offering a range of financial products
based on nonbank credit card.

In the invitation sent to the credit companies operating in Israel,
Partner seeks to receive offers for the provision of services from one
credit card company, noting that the customer club will be based on an
infrastructure of an international credit card company (Visa or
MasterCard) and/or an international private label (American Express or
Diners).

This step is the first in a series of steps that the Company is working
on as part of its activity formed under the name Partner Finance.

Mr. Isaac Benbenisti, CEO of Partner noted: “The expansion of Partner’s
activity into the financial sector is a first for a communications
company in Israel. We are starting today a significant journey and just
as we knew how to initiate a change in the multi-channel television
market and in the area of internet services over fiber optic
infrastructure, I am certain that we will be able to expand the
competition in the financial sector and bring real value to customers
and investors.

This operation, as part of the formed operation Partner Finance, will
benefit from the advanced technological capabilities of the Partner
Group, using the development resources and know-how of our Information
Technology division. After an in-depth process that included the
examination of similar models in the world and working with start-up
companies active in the field of fintech, we are now beginning the next
stage of our entry into the finance world.”

Forward-Looking Statements

This press release includes forward-looking statements within the
meaning of Section 27A of the US Securities Act of 1933, as amended,
Section 21E of the US Securities Exchange Act of 1934, as amended, and
the safe harbor provisions of the US Private Securities Litigation
Reform Act of 1995. Words such as “estimate”, “believe”, “anticipate”,
“expect”, “intend”, “seek”, “will”, “plan”, “could”, “may”, “project”,
“goal”, “target” and similar expressions often identify forward-looking
statements but are not the only way we identify these statements. We
have based these forward-looking statements on our current knowledge and
our present beliefs and projections regarding possible future events.
These forward-looking statements include the Company’s preparation to
enter the financial services sector for the launch of a nonbank credit
card, receipt of offers for the provision of services and the
establishment of a customer club offering a range of financial products
based on nonbank credit card based on an infrastructure of an
international credit card company and/or an international private label
and the expectation for the expansion of the competition in the
financial sector in addition to the expectation to bring real value to
customers and investors. These forward-looking statements are subject to
risks, uncertainties and assumptions about Partner and its operations,
including the Company’s ability to actualize its intentions and
aspirations in the financial sector in current and future market and
regulatory conditions, subject to possible economic, regulatory, legal
and other developments. In light of these risks, uncertainties,
assumptions and future developments, the forward-looking events
discussed in this press release might not occur, and actual results may
differ materially from the results anticipated. The Company’s invitation
to receive offers does not bind the Company to accept any of the offers
it may receive, in full or in part. The Company may under its sole
consideration accept or decline any of the offers that will be
submitted. The provisions of the tender laws shall in no way apply to
the Company’s invitation to receive offers and to the negotiations that
will be held with any bidder and/or the method of selecting the bidders.
We undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.

About Partner Communications

Partner Communications Company Ltd. is a leading Israeli provider of
telecommunications services (cellular, fixed-line telephony, internet
services and television services). Partner’s ADSs are quoted on the
NASDAQ Global Select Market™ and its shares are traded on the Tel Aviv
Stock Exchange (NASDAQ and TASE: PTNR).

For more information about Partner, see: http://www.partner.co.il/en/Investors-Relations/lobby

Contacts

Tamir Amar
Chief Financial Officer
Tel: +972-54-781-4951

Liat Glazer Shaft
Head of Investor Relations and Corporate
Projects
Tel: +972-54-781-5051
E-mail: [email protected]

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