012 Smile.Communications Reports Financial Results for Q4 and Full...(ember 31 ...),Health

2007 2006

(Unaudited)

NIS thousands

GAAP operating income 116,462 25,549

Adjustments

Amortization of acquired intangible assets 31,938 -

Non-recurring expenses 10,433 10,187

Non-GAAP adjusted operating income 158,833 35,736

GAAP tax expenses (benefit), net 23,462 10,315

Adjustments

Amortization of acquired intangible assets

included in tax expenses, net 9,262 -

Non-GAAP tax expenses (benefit), net 32,724 10,315

Net income (loss) as reported 40,957 (2,032)

Taxes on income 23,462 10,315

Non-recurring expenses 10,433 10,187

Financial expenses 52,043 17,266

Depreciation and amortization 110,243 11,297

Adjusted EBITDA 237,138 47,033

For further information, please contact:

Ms. Idit Azulay

012 Smile.Communications Ltd

+972-72-2003848

i.azulay@smile.net.il