NETANYA, Israel, August 19 /PRNewswire-FirstCall/ -- Cellcom Israel Ltd. (NYSE: CEL) (the 'Company') announced today that its Annual General Meeting of Shareholders (the 'Meeting') was held as planned on August 18, 2008, at which the following items were voted upon and duly approved by the Company's shareholders:

    (1) to approve the reelection of Ami Erel, Shay Livnat, Raanan
        Cohen, Avraham Bigger, Rafi Bisker and Shlomo Waxe as directors and
        election of Haim Gavrieli and Ari Bronshtein as directors; and
    (2) to approve the grant of letters of exemption and
        indemnification to office holders who are controlling shareholders;
        and
    (3) to approve the amendment of certain terms of outstanding
        options held by the Company's Chairman of the Board;
    (4) to approve the reappointment of Somekh Chaikin as the
        Company's independent auditor.

For more information, please see the Company's Proxy Statement relating to the Meeting, which was filed on Form 6-K on July 7, 2008.

About Cellcom Israel

Cellcom Israel Ltd., established in 1994, is the leading Israeli cellular provider; Cellcom Israel provides its approximately 3.117 million subscribers (as at June 30, 2008) with a broad range of value added services including cellular and landline telephony, roaming services for tourists in Israel and for its subscribers abroad and additional services in the areas of music, video, mobile office etc., based on Cellcom Israel's technologically advanced infrastructure. The Company operates an HSPA 3.5 Generation network enabling the fastest high speed content transmission available in the world, in addition to GSM/GPRS/EDGE and TDMA 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. Through its broad customer service network Cellcom Israel offers its customers technical support, account information, direct to the door parcel services, internet and fax services, dedicated centers for the hearing impaired, etc. In April 2006 Cellcom Israel, through Cellcom Fixed Line Communications L.P., a limited partnership wholly-owned by Cellcom Israel, became the first cellular operator to be granted a special general license for the provision of landline telephone communication services in Israel, in addition to data communication services. 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.ircellcom.co.il

    Company Contact                 Investor Relations Contact
    Shiri Israeli                   Ehud Helft / Ed Job
    Investor Relations Coordinator  CCGK Investor Relations
    investors@cellcom.co.il         info@gkir.com / ed.job@ccgir.com
    Tel: +972-52-998-9755           Tel: (US) +1-866-704-6710 /
                                              +1-646-213-1914

SOURCE Cellcom Israel Ltd.