Bezeq Israeli Telecomunictn : - Press Release - CFO, Allon Raveh, announces his resignation

PRESS RELEASE

Following the decision, Raveh today stated, "The decision to leave Bezeq was not an easy one, but I took it because I had been offered a particularly challenging senior managerial post. In the time in which I have worked at Bezeq I found an excellent company made up of outstanding people, with whom it was an honor to work. I want to thank the CEO and the Chairman of Bezeq, for their confidence and cooperation."

Handler stated, "Allon succeeded in a short time to become a key part of the Company's management, and proved his abilities and extensive professional knowledge that provided the Company with true added value. I regret his leaving, but am certain he will meet all the professional challenges in his future career."

Elovitch said, "Allon was highly successful in all aspects of his job. I regretted learning that he wished to leave for a challenging position he had been offered. I thank Allon for his considerable contribution to Bezeq and wish him every success in the future. Allon will stay with the Company until the next financial statements have been filed, while Bezeq will in parallel start a structured process to find a replacement."

Bezeq is Israel's leading telecommunications service provider. Established in 1984, the Company has led Israel into the new era of communications, based on the most advanced technologies and services. Bezeq and its subsidiaries offer the full range of communications services including domestic, international and cellular phone services; broadband Internet, and other data communications; satellite-based multi-channel TV; and corporate networks.

For more information about Bezeq please visit the corporate website at www.bezeq.co.il.

Investor Relations Contact: Media Relations Contact:

Mr. Naftali Sternlicht Mr. Guy Hadass

Bezeq Bezeq

Phone: +972-2-539-5441 Phone: +972-3-626-2600

Email: ir@bezeq.co.il Email: pr@bezeq.co.il