Saban Capital Group, Inc. entered into a share purchase agreement to acquire 2.06% stake in Partner Communications Company Ltd. (NasdaqGS:PTNR) from Leumi Partners Ltd. for ILS 80 million in cash on January 23, 2013. Saban Capital Group will acquire 3.2 million shares of Partner Communications Company Ltd. Under the terms of the transaction Leumi will pay ILS 3.5 million to Scailex for the termination of certain pre-existing minority protection rights. The transaction is expected to complete concurrently with the closing of the transaction between Scailex Corporation and Saban Capital Group in the next few days.

David C. Eisman, Jeffrey H. Cohen and Diana M. Lopo of Skadden, Arps, Slate, Meagher & Flom, L.L.P. acted as legal advisors for Saban Capital Group, Inc. Deutsche Bank acted as financial advisor for Saban Capital. Dalia Tal and Dana Yagur of Kantor, Elhanani, Tal & Co., Adv. acted as legal advisor for Leumi Partners and Miki Zellermayer and Lior Oren of Zellermayer, Pelossof, Rosovsky, Tsafrir, Toledano & Co.

acted as legal advisor for Saban Capital. Shirin Herzog of Ron Gazit, Rotenberg & Co acted as legal advisor to Partner Communications.