Merger Synergies Ahead of Expectations PETACH TIKVA, Israel, March 21 /PRNewswire-FirstCall/ -- Internet Gold (Nasdaq NMS and TASE: IGLD) today announced that a new management team has been appointed for its wholly-owned subsidiary, Smile.Communications, from the experienced VPs of both Smile and 012 Golden Lines to serve under the leadership of Stella Handler. Commenting on the news, Ms. Handler said, "We are excited to move from planning to execution, and pleased with our progress to date. We have now appointed a lean and effective management team that includes proven VPs from both companies. We have already begun merging all our operations, a process that is progressing smoothly. From a results point of view, the merger is already making a significant contribution, enabling us to achieve synergies and savings beyond our original expectations. "Our next step is to continue taking advantage of the enhanced market positioning that we have achieved through the merger. We will soon begin marketing our expanded VOB offerings, and are also planning the launch our WIMAX services. In parallel, we are planning campaigns to expand our share of Israel's Internet Access and International Telephony markets." About Internet Gold Internet Gold is one of Israel's leading communications groups with a major presence across all Internet-related sectors. Its Smile.Communications segment is one of the country's major Internet and International Telephony service providers, which also offers domestic VOB, and one of its largest providers of enterprise/IT integration services. Its Smile.Media segment manages a growing portfolio of Internet portals and e-Commerce sites. Internet Gold is part of the Eurocom Communications Group. Its shares trade on the Nasdaq Global Market and on the Tel Aviv Stock Exchange as part of the 100 index. For additional information about Internet Gold, please visit its investors' site at http://www.igld.com/. For further information, please contact: Lee Roth KCSA Worldwide +1-212-896-1209 In Israel: Mor Dagan Investor Relations +972-3-516-7620 Ms. Idit Azulay, Internet Gold +972-3-939-9848 DATASOURCE: Internet Gold CONTACT: For further information, please contact: Lee Roth, KCSA Worldwide, +1-212-896-1209. In Israel: Mor Dagan, Investor Relations, +972-3-516-7620. Ms. Idit Azulay, Internet Gold, +972-3-939-9848,

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