CELLCOM ISRAEL ANNOUNCES
VESTING OF RSUs

Netanya, Israel - May 23, 2021 - Cellcom Israel Ltd. (TASE: CEL) (hereinafter: the 'Company') announced today the vesting of 278,019 restricted shares units, or RSUs, granted to the employees, resulting in an increase of the Company's issued share capital to 163,053,762 ordinary shares. The remaining outstanding options and RSUs of the Company as of the report date are 13,760,627 and 773,361, respectively.

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 cellular subscribers with a broad range of services including cellular telephony, roaming services, text and multimedia messaging, advanced cellular and data services and other value-added services in the areas of mobile office, data protection etc., based on Cellcom Israel's technologically advanced infrastructure. The Company operates advanced networks enabling high-speed broadband and advanced multimedia services. Cellcom Israel offers nationwide customer service including telephone customer service, retail stores, and service and sale centers. Cellcom Israel further provides OTT TV services, internet infrastructure and connectivity services and international calling services, as well as landline telephone services in Israel.


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Cellcom Israel Ltd. published this content on 24 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2021 12:00:00 UTC.