CELLCOM ISRAEL ANNOUNCES
PARTIAL REDEMPTION OF DEBENTURES AND UPDATED SHARE CAPITAL

Netanya, Israel - July 6, 2021 - Cellcom Israel Ltd. (TASE: CEL) (hereinafter: the 'Company') announced today the partial redemption of its debentures series (H through K) in line with its repayment schedule. Accordingly, the principal balance of such each series is as follows: series H - NIS 455,819,369, series I - NIS 450,245,555, series J - NIS 87,776,950, series K - NIS 604,039,900.

The Company also reported that as of the report date its issued share capital is 163,190,634 ordinary shares and its outstanding options and RSUs granted to the Company's employees are 13,695,506 and 629,317, respectively.

About Cellcom Israel
Cellcom Israel Ltd., established in 1994, is a leading Israeli communications group, providing a wide range of communications services. Cellcom Israel is the largest Israeli cellular provider, providing its cellular subscribers with a broad range of services including cellular telephony, roaming services, text and multimedia messaging, advanced cellular and data services and other value-added services in the areas of mobile office, data protection etc., based on Cellcom Israel's technologically advanced infrastructure. The Company operates advanced networks enabling high-speed broadband and advanced multimedia services. Cellcom Israel offers nationwide customer service including telephone customer service, retail stores, and service and sale centers. Cellcom Israel further provides OTT TV services, internet infrastructure and connectivity services and international calling services, as well as landline telephone services in Israel.

CELLCOM

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Cellcom Israel Ltd. published this content on 06 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 July 2021 10:09:05 UTC.