The Board of Directors of The Israel Telecommunication Corp. Ltd. recommended the distribution of 100% of net profits for the first half ended June 30, 2016 as a cash dividend of ILS 665 million (approximately ILS 0.24 per share) to shareholders. The semi-annual dividend, which is subject to shareholder approval, would be payable on October 6, 2016. The ex-dividend date is September 20, 2016.