Internet Gold Golden Lines : Immediate Report

Surety & Guarantee

Aon UK Limited

The Leadenhall Building

122 Leadenhall Street

London

EC3V 4AN

t

[phone]

Aon UK Limited

Registered office | The Aon Centre | The Leadenhall Building | 122 Leadenhall Street | London | EC3V 4AN

Registered in England & Wales No. 210725 | VAT Registration No. 480 8401 48

Aon UK Limited is authorised and regulated by the Financial Conduct Authority

Trymg International Comunication LTD

Gad Zeevi Director.

143 Azionut Ave

Haifa

Israel.

Tuesday

,

1

6

th

April 2019

Dear Mr Zeevi,

Aon is very pleased to be working with you in connection with your proposed acquisition of

Internet Gold and Bezeq Israeli Telecom. Aon has enjoyed a long relationship with you and this

transaction is an opportunity for us to further develop that strong pa

rtnership.

We understand there may be a requirement for a guarantee

of up to 700 million NIS

to be

procured from the Surety market in respect of partial consideration payments being deferred for a

number of years after transaction signing.

Aon has signi

ficant experience in structuring Surety

solutions, and has worked on a similar transaction in Israel in the recent past. We have also

worked on a large number of other international Surety transactions over many years.

From our discussions with you, and

from some initial high level conversations with a couple of

Surety companies in the UK, we believe

with great confidence that

we would be able to

successfully procure the necessary Surety bonds for you in connection with this transaction.

Our ability to procure

Surety

w

ill be dependent upon a successful negotiation with one or more

Surety companies and will be based upon

successful

negotiation

of the respective

documentation

. We have not yet started that formal process and the final decision will be made

by

the respective Surety companies.

We are grateful for this opportunity to work with you and look forward to progressing with this

transaction in the near future.

Yours faithfully,

Mark Holt

Executive Director, Surety & Guarantee

Aon UK Limited