Rosh Ha'ayin, Israel, October 1st, 2003 - Partner Communications Company Ltd. (NASDAQ, TASE: PTNR; London: PCCD) (the "Company") announced Today that Mr. Amikam Cohen, the Company's CEO, sold 1,000,000 ordinary shares of the Company representing approximately 75% of the shares granted to him under the Company's 1998 employee share option plan. The shares were acquired by Hutchison Whampoa Limited, through an indirect wholly-owned subsidiary ("Hutchison"), at a price per share which was based on the market value of the Company's American Depositary Shares (each representing one ordinary share) on or about the date the shares were offered for sale to Hutchison.

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 orange^TM brand. The Company commenced full commercial operations in January 1999 and, through its network, provides quality of service and a range of features to over 2 million subscribers in Israel. Partner subscribers can use roaming services in 122 destinations using 271 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: http://www.investors.partner.co.il.

Contact:
Dr. Dan Eldar
V.P. Carrier, International and Investor Relations
Tel: +972 67 814151
Fax: +972 67 814161
E-mail: dan.eldar@orange.co.il