PR Newswire | Aug 12, 2020 01:56AM EDT

the Company

08/12 00:55 CDT

Cellcom Israel Announces Dismissal of a Purported Class Action Filed Against the Company NETANYA, Israel, Aug. 12, 2020

NETANYA, Israel, Aug. 12, 2020 /PRNewswire/ -- Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the "Company") announced the dismissal of the recently announced purported class action filed against the Company, alleging that the Company misled its customers by failing to disclose certain information in relation to a certain service. The amount claimed from the Company, had the lawsuit been certified as a class action, was estimated by the plaintiff to be approximately NIS 179 million.

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 approximately 2.747 million cellular subscribers (as at March 31, 2020) with a broad range of services including cellular telephony, roaming services for tourists in Israel and for its subscribers abroad, text and multimedia messaging, advanced cellular content and data services and other value-added services in the areas of music, video, mobile office etc., based on Cellcom Israel's technologically advanced infrastructure. The Company operates an LTE 4 generation network and an HSPA 3.5 Generation network enabling advanced high speed broadband multimedia services, in addition to GSM/GPRS/EDGE networks. Cellcom Israel offers Israel's broadest and largest customer service infrastructure including telephone customer service centers, retail stores, and service and sale centers, distributed nationwide. 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 Israel's shares are traded both on the New York Stock Exchange (CEL) and the Tel Aviv Stock Exchange (CEL).

For additional information please visit the Company's website http://investors.cellcom.co.il.

Company Contact Investor Relations Contact

Elad Levy Ehud Helft

Investor Relations Manager GK Investor & Public Relations

investors@cellcom.co.il cellcom@gkir.com

Tel: +972-52-998-4774 Tel: +1 617 418 3096

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SOURCE Cellcom Israel Ltd.